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Fitness Club in NH for sale or best offer!

Merrimack County, NH

Fitness Club in NH for sale or best offer!
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Asking Price: $50,000

Cash Flow: N/A

Gross Revenue: $236,000

EBITDA: N/A

FF&E: N/A

Inventory: $180,000*

Rent: $8,900 /Month

Established: 2015

*not included in asking price.

Fitness Club in NH for sale or best offer!

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Business Description

Established Fitness club - Great deal and potential!

TITLE Boxing Club offers explosive total body boxing and kickboxing fitness workouts that help women and men of all fitness levels burn up to 1,000 calories per hour in group classes. These group fitness classes capitalize on the training of professional boxers, kick-boxers, and mixed martial artists. Members can join others in these group fitness classes led by pros that target the whole body.
I own 3 clubs (manchester, nashua and Concord) I am looking to sell either 1, 2 or all 3. Looking to at least downsize from my current situation. I also have the area development rights to Salem NH if you are interested. Concord and manch opened in 2015, Nashua 2018. Concord and Manch both have 6 years left on 10 yr lease, with Concord having an opt-out in 2 years. Nashua started in 2018. I'm willing to take much less than I have put into the clubs to sell them, I just can't manage 3 anymore.
Concord currently has 265 members, Manch 275, and Nashua 180.

Attached Documents


Detailed Information

Location:
Merrimack County, NH
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
5/11/2025
Employees:
20
Facilities:
- 48 heavy bags (100 lb) with bag stand - treadmill, free weights, squat rack, full size boxing ring, lockers, audio and visual equipment for running classes, 2 bathrooms with showers, water fountain with bottle filler, office and storage space, ample parking. Leased from 2015 for 10 years with an opt out clause in 2 years
Competition:
Trainers at TITLE are highly skilled, some of which are actual fighters competitively. Location is just off the beaten path in Concord, off of main street in a busy plaza. We have exclusive rights in the plaza as well.
Growth & Expansion:
Being true to the brand and specializing is important but we have expanded from boxing and kickboxing to including MMA classes as well. We do have challenges on occasion but the classes are why people sign up. But there may be expansions of the current offerings in the future, it is up to TITLE corporate.
Financing:
Tenant can terminate lease in May 2022 if gross rev averages below 500K/yr
Support & Training:
Access to TITLE Corp website (Clubconnect) with all training needed, plus I would help buyer get acclimated with responsibilities
Reason for Selling:
Looking to downsize, too much responsibility.
Franchise:
This business is an established franchise
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Business Listed By:
Craig Marshall

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