Established Franchised Boutique Fitness Centers – 2 Locations

Hillsborough County, NH

Seller Financing Available
Established Franchised Boutique Fitness Centers – 2 Locations
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Asking Price: $925,000

Cash Flow: $328,000

Gross Revenue: $1,100,000

EBITDA: N/A

FF&E: N/A

Inventory: $50,000

Rent: $6,500 /Month

Established: 2015

Established Franchised Boutique Fitness Centers – 2 Locations

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Business Description

This business is the local franchisee of two fitness franchises. The franchisor operates nationally and has been rated as a top Franchise Brand by Entrepreneur Magazine. These 2 highly successful franchise locations were opened by the current owners in early 2015 and early 2016. Right from the opening the response has been extremely positive. This is evidenced by the fact that both locations enjoyed a very high retention rate by its members as well as new members that join every week from the referrals from current members. In 2017 and 2018 sales were $1.1 million. The SDE averaged $328,000 per year for these 2 years. Since the business is still in its early stages it is believed that sales will continue to grow providing additional opportunity for the new owners. The owners have structured the business to be able to run on a day to day basis without direct involvement of the owners. This has been done by (1) investing in sufficient staff and in training and (2) through the use of industry leading online software tools which features a user-friendly app allowing members to schedule their own classes and (3) setting up and maintaining an operations manual with step by step procedures to guide each employee through the business processes and software. Highly turn-key operation, allowing a new single owner or partnership to step in and run the business successfully without interruption while providing the new owner with an executive level income. This is an exceptional and rare opportunity to acquire an established, high-volume, local operation of a successful, national franchise in the fitness industry. The franchisor estimates that to open a new location requires an investment of approximately $250,000 per location. Therefore, at the offer price this can be an excellent opportunity for the right buyer. For more information, please contact John Coto, Certified Business Intermediary at Alliance Business Brokers, LLC by email or call 603-880-8200. Attention Business Owners: We have buyers looking for businesses to buy and not enough listings! If you are considering a possible sale or would just like to learn more about the process, please call me for an initial, confidential discussion.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,300
Lease Expiration:
N/A
Employees:
30
Facilities:
The business leases approximately 1800 sq. facility and a second location with 2300 sq. ft. Both with off-street parking. Both have multi-year leases with extension.
Competition:
Franchisor is an industry leader
Growth & Expansion:
May be achieved through increased marketing and promotion.
Financing:
Candidate for SBA financing with at least 10% down. Seller open to some financing
Support & Training:
Seller will provide 2 weeks of training immediately after closing. Franchisor will also provide ongoing support.
Reason for Selling:
Pursue another investment opportunity
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John Coto

Business Listed By:
John Coto

Alliance Business Brokers, LLC

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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