Fitness Franchise

Jefferson County, AL

Seller Financing Available
Fitness Franchise

Asking Price:$195,000

Cash Flow:$125,000

Gross Revenue:$420,000

EBITDA:$80,000

FF&E:$180,000

Inventory:N/A

Established:2011

Fitness Franchise

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Business Description

The owner of a well established fitness franchise has chosen to pursue other business interests and is offering this mature business for sale.

The business is currently being operated semi-absentee and is profitable. The business has demonstrated sustainability and growth consistently year over year where others in this industry have not. This is credited to the brand, its system & because of a franchisee that is a savvy business owner and recognizes the importance of following a proven system of success.

This is a turn key opportunity offered in a very business friendly state of Alabama and the great city of Birmingham. Managers are in place and are unaware of the business owners intent to sell.

Truly a very rare opportunity that will sell quickly. Seller is motivated and the asking price is below market value.

Detailed Information

Employees:
2 full time
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business includes all of the furnishing and equipment which is is in excellent conditions. If this equipment had to be purchased new the value would be approximately $200,000. It includes tanning beds, fitness & cardio, electronic equipment (computers, televisions etc). Parking is more than adequate, easy access, great visibility and the business is located in a very safe neighborhood. Facility is relatively new, in great condition, and the landlord is very accessible and accommodating. Lease negotiated by franchise real estate team. This included a review of the pertinent demographics before the site was approved. Lease terms to be discussed with the owner. 4 year remaining on the current lease.
Competition:
Pros: Franchise is more member involved and engaged with clients. This is a huge competitive edge. This franchise system and specifically for this franchisee the clients consistently have provided high satisfaction surveys and reviews. Cons: Not really there are always competitors but it has not impacted this franchisee what so ever.
Growth & Expansion:
The business has been expanded by 1000 square feet in 2013. A group fitness area, tanning beds, and shower were added. Expansion could still be possible but likely not necessary.
Financing:
Possibly
Support & Training:
Supplied by the franchise and as required by the the new franchise agreement.
Reason for Selling:
Owner is pursuing new business opportunities.
Franchise:
This business is an established franchise

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Al Lesko

Business Listed By:
Al Lesko

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