Workout Anytime Franchise Fitness Club in High Growth Area

Smyrna, TN (Rutherford County)

Seller Financing Available
Workout Anytime Franchise Fitness Club in High Growth Area

Asking Price:$165,000

Cash Flow:$76,000

Gross Revenue:$300,000

EBITDA:$65,000

FF&E:$175,000

Inventory:N/A

Rate/Sq. Ft.:N/A

Established:2012

Workout Anytime Franchise Fitness Club in High Growth Area

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Business Description

This fitness club is located in a most desirable area of the Greater Nashville market. The club features state of the art Matrix fitness equipment, hydro-massage, tanning beds, and audio/video equipment. The club provides a most unique all inclusive workout environment geared towards personal training, convenience and all at an affordable rate. The established membership base with a more aggressive marketing approach can double in memberships in the next year. The upside for this club has not been touched. The owner for the past year has been consumed with his other business. A owner/operator would make for a most profitable situation. A footnote is that an owner/operator who assumes the role of manager would pick up an additional income in the form of salary of $50,000 per year.

Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
5,500
Lease Expiration:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The club is located on a major thoroughfare in Smyrna, Tn. Smyrna is a bedroom community of the vibrant Nashville market. The club is located just over a mile from the Nissan manufacturing plant. The Nissan plant employees over 8,000 people. It is a great membership source. The club is operated out of a 5,500 sq.ft. leased facility in a well trafficked strip center. The location is in the midst of a high density residential area. LOCATION...LOCATION...LCOATION
Competition:
There is not another small box fitness club in the area. There is a Planet Fitness, but is is 5 miles away. The clubs close proximity to the Nissan plant (8,000 employees), along with it being located in the heart of a high density residential area makes the upside for this club a given.
Growth & Expansion:
The club has an established membership base that is postured to double in growth over the next year. Also, the owner has three (3) other Clubs in the Nashville area that he has listed for sale. A buyer could buy one, two, three, or all four of the clubs and be able to share in management expenses, as well as marketing/advertising expenses. There are also other areas in the Nashville market that are available for another new franchise location.
Support & Training:
The current owner and manager will provide training for a period of 30 days. In addition, Workout Anytime corporate will provide training at their facility in Atlanta, Ga.
Reason for Selling:
Owner has another business and it is requiring more time.
Franchise:
This business is an established franchise
Business Website:
http://workoutanytime.com/why-were-better.html

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Jerry Lucas

Business Listed By:
Jerry Lucas

Lucas Business Brokers

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