Fitness Gyms Area Development Agreement

Houston, TX (Harris County)

Fitness Gyms Area Development Agreement
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Fitness Gyms Area Development Agreement

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Asset Sale Description

This listing represents a unique opportunity to purchase a three-unit area franchise development contract at half the price that you could purchase it from the Franchisor. The current owner initially bought the development agreement with a partner who was to provide the financing for the development of the facilities. The financial partner backed out of their agreement after the purchase of the franchise development agreement was signed. Since the current owner lost his financial backing he has been forced to put the development agreement on the market in order to recoup some of his initial investment.

Founded in 2014, Tapout Fitness is part of the Tapout brand family. Tapout is owned and operated by two powerhouse brands; Authentic Brands Group (ABG), a brand development, marketing and entertainment company, which owns a global portfolio of over 30 lifestyles, sports, celebrity and entertainment brands, and World Wrestling Entertainment the preeminent provider of wrestling-based entertainment. Currently, they have more than 25 locations in development in the United States, and plan to have more than 500 domestically and internationally over the next 5 years. There are currently Tapout Fitness locations in San Antonio and Austin, Texas.

What is Tapout Fitness? The clubs feature Tapout Fitness branded boxing, kickboxing, boot camp and high intensity interval training (HIIT) classes that are complemented by some of today’s hottest group fitness programming. Tapout Martial Arts, the progressive belt-ranking program for kids and adults, is their modern approach to traditional martial arts. Master Instructors lead every class. Plus, members can work with them for one-on-one personal training sessions. Their energy, enthusiasm and expertise make working out fun and get you results. If clients want to work out on their own, they can experience the proprietary “Tapout 20”, a drop-in-anytime, 20-minute, circuit-based HIIT training course. Select locations also have a full range of state-of-the-art cardio and strength equipment. Some clubs are even open 24 hours a day, so you’ll never miss a workout.

What Makes Tapout Fitness Different? Tapout Fitness combines the martial arts philosophy of discipline, determination and respect, with the energy of cardio, weight and high intensity interval training (HIIT). This fusion fully integrates the mind and body, delivering a transformative fitness experience.

There are two types of facility.
• Studios – The boutique studios offer a combination of our proprietary Tapout branded classes, Tapout 20 and Tapout Martial Arts for Kids & Adults. Members will find lockers, showers and changing rooms at many clubs. Larger studios have a full range of cardio and free weight equipment that members can use any time. All studios are light and airy, featuring Tapout Fitness branded merchandise, and designed to keep members motivated … even if they feel like giving up.

• Fitness Clubs - Full-service fitness clubs have all the proprietary Tapout Fitness programming. Plus, they feature multiple group fitness studios, indoor cycling classes, tons of free weights and cardio machines, locker rooms, juice bars, and Tapout Fitness branded merchandise, and some offer a pool, steam rooms and a sauna.

This is only a brief representation of the programs and benefits of being a Tapout Fitness owner. Call us to learn more and explore this one-time opportunity.

Detailed Information

Facilities:
Yet to be developed.
Reason for Selling:
Lost financial backing.
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Brad Tait

Asset Sale Listed By:
Brad Tait

Tait & Associates Business Brokers

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The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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