Price Reduced! Fitness Center Franchise - Low Price

Montgomery County, PA

Seller Financing Available
Price Reduced! Fitness Center Franchise - Low Price
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Asking Price: $125,000

Cash Flow: $8,422

Gross Revenue: $644,434

EBITDA: N/A

FF&E: $132,477

Inventory: N/A

Established: 2008

Price Reduced! Fitness Center Franchise - Low Price

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Business Description

Popular brand health Club/fitness center looking for new owner operator!

Well established Popular Fitness Franchise Health Club in Eastern PA. Profitable Discount Fitness Franchise offering a wide range of premium fitness options, amenities and workout experiences. Training, classes and much more. Over 2000 active and stable members with over $600K in annual sales. The business is being run by absentee owners so Staff is in place so it is truly a turnkey opportunity.

Due to their busy careers, the owners have not kept up with marketing the business. As a result and despite the popularity of the brand, increased competition has taken away members that have not been replaced and leading to a decline in sales.

The business has been priced accordingly. Purchaser will also be required to pay fees of approximately $70,000 to the franchisor.

Detailed Information

Location:
Montgomery County, PA
Employees:
1 FT/22 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This is a unique opportunity to make an investment in the *$33 Billion Gym, Health and Fitness Clubs industry (Source: IBISWorld December 2018) for a fraction of the cost of opening a new club! There are over $200K in assets (after depreciation) included with this club.
Competition:
There are several competitors in the area.
Growth & Expansion:
The franchisor has several marketing strategies that the new owner may implement. The brand is very popular.
Financing:
$100k down/$25k for 36 mos. @ 8%.
Support & Training:
Will train for 2 weeks @ $0 cost. The purchaser will need to be approved by the franchisor and the landlord. The purchaser must be properly capitalized and will need to sign a franchise agreement and a lease. Both of which will require personal guarantees.
Reason for Selling:
Due to other interests, the partners can not invest the time needed.
Franchise:
This business is an established franchise
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Russell Miller

Business Listed By:
Russell Miller

Murphy Business Sales

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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.

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