24/7 Fitness Franchise in Great Location

Ramsey County, MN

24/7 Fitness Franchise in Great Location

Asking Price:$40,000

Cash Flow:N/A

Gross Revenue:$100,538

EBITDA:N/A

FF&E:$30,000

Inventory:N/A

Rate/Sq. Ft.:N/A

Established:2006

24/7 Fitness Franchise in Great Location

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Business Description

Type of Business: Buy an existing Snap Fitness Franchise at the fraction of the cost that it would take if you bought new. In an industry that continues to grow every year, Snap Fitness 24-7 allows its members to work out on their schedule not ours. The implementation of Snap’s unique systems, have made owning and operating your own exercise facility both affordable and easy to manage.
Snap Fitness franchises provide a convenient fitness option in your community. With a 24-hour a day card-key locking system, members will appreciate a secure work out environment 24 hours a day, 7 days a week. One of the primary benefits of owning a Snap Fitness franchise is the convenience it provides for both its owners and members. As a Snap Fitness owner, you will benefit from its unique system, which incorporates the use of surveillance cameras, along with a certified trained staff to keep your operating costs low. The system provides both balance and freedom to own and manage up to three locations with only one person.
Facility: This Snap Fitness is in a great location with 2500 square feet in a busy strip mall in a middle class St. Paul suburb. Ample parking with great visibility is what makes this Snap Fitness very attractive. Seller leases the space with monthly rent of: $5700
Employees: This location currently uses 3click fitness (a subcontractor personal training business) for its personal training needs. 3click only makes money if they are training clients, which is then split with the owner, thus creating a low operating expense. Owner is there during staffed hours.
Annual Gross Sales: $100,538 which equates to an almost breakeven point. Complete “turnkey” business opportunity, business simply needs marketing effort to grow revenues.
Price: $40,000 - fraction of the cost to opening a new Snap franchise ($150k-$250) Plus Transfer fee
Reason for sale: Other business interests.

Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
2,500
Lease Expiration:
N/A
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2500 square feet in a busy strip mall with ample parking. Fitness equipment is in great shape Lease is good until 11-30-2020 $5700 per month
Competition:
There are other fitness facilities.
Growth & Expansion:
There is tremendous amount of growth potential either by purchasing multiple locations or expanding square footage.
Support & Training:
Snap offers extensive support and training to get you to reach full potential. You are assigned am account manager.
Reason for Selling:
Other business interests.
Franchise:
This business is an established franchise

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Tracy Moreno

Business Listed By:
Tracy Moreno

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Sponsoring Broker:
Thomas Green

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