My company has been in the franchising industry and business brokerage for over 30 years. We are one of the biggest and best in helping entrepreneurs achieve their dreams of business ownership and financial independence.
Crossfit started in 2000 with one gym, by 2005 there were 13 affiliates and today there are over 10,000 worldwide. This fast growing strength and conditioning program uses multiple disciplines and caters to everyone. Although it is an affiliate each box has it’s own personality. Yoga is also growing every year according a survey from the Sports and Fitness Industry Association, “more than 24 million U.S. adults practiced yoga in 2013, up from 17 million in 2008. That makes it roughly as popular as golf.” There is only one other facility offering these two fitness outlets together within a 60 mile radius and that one facility is 20 miles away. Membership has been increasing monthly. This gym has been run by absentee ownership with a full-time manager. Manager's pay is included in the cash flow number. An absentee Owner could net a 25% ROI on a $100,000 purchase. A more active Owner who also coaches would increase the current cash flow and ROI. 2015 is expected to increase by more than a third.
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