Established Franchise Fitness Club in Need of an Owner/Operator

Huntsville, AL (Madison County)

Established Franchise Fitness Club in Need of an Owner/Operator
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Asking Price: $75,000

Cash Flow: N/A

Gross Revenue: $377,000

EBITDA: N/A

FF&E: $200,000

Inventory: N/A

Rent: $1 /Month

Established: 2012

Established Franchise Fitness Club in Need of an Owner/Operator

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Business Description

The club is well established in this highly residential based area. The club has a good base of members, which will allow the new corporate training program to be implement to substantially increase revenues. The club is 7,500 sq.ft., which will give the new owner ample room for a separate personal training area. The equipment has been meticulously maintained and is in like-new condition. This is a value buy.

Detailed Information

Real Estate:
Leased
Building SF:
7,500
Lease Expiration:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The club is located on the major thoroughfare in this area. The club is highly visible. The facility consist of 7,500 sq.ft.
Competition:
There is a big box club within 5 miles of the club. However, this club has 24 hour access and is a different concept.
Growth & Expansion:
The club is one of the larger clubs in the franchise chain. The additional square footage will allow the club to add the new corporate personal training program. The implementation of this PT program is a huge market advantage in this market.
Support & Training:
2 weeks by the current owner and an additional 3 weeks by the corporate franchisor. No cost for the corporate training.
Reason for Selling:
Owner/operator has moved to another area and opened a new club.
Franchise:
This business is an established franchise
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Jerry Lucas

Business Listed By:
Jerry Lucas

Lucas Business Brokers

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