Privacy Gym "No Money Down"

Plano, TX (Collin County)

Seller Financing Available
Private Workout Plano
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Asking Price: $30,000

Cash Flow: $42,000

Gross Revenue: $163,000

EBITDA: $42,000

FF&E: $60,000

Inventory: $200

Established: 2003

Privacy Gym "No Money Down"

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Business Description

Private Workout© Plano is the first of four locations est. 2003

Private Workout© Plano is the first of four locations established 16 years ago in an upscale area in Plano, Texas. It enjoys a 4.75 rating from over 1400 online reviews, and is the top seller for Boot Camps on Groupon in Dallas-Fort Worth region, holding the no. 1, 2, and 3 spots on their site with over 24,000 Groupons sold.

Clean, well maintained, a strong customer base, serves the unique “privacy” niche in the fitness industry. This is a small, 3283 sf gym where our male and female customers do personal training, dumbbells, cardio, jumping jacks, push ups, stretching, and a 30 minute Fitness Challenge cardio/resistance boot camp workout developed by our certified personal trainers.

This gym needs an owner operator that is enthusiastic about working in the fitness industry, has good credit, gets approved by the landlord for the lease, and has working capital.

Customers pay with cash, credit cards, or with automatically billed payments each month. For example, there is around $10,000 per month billed automatically. Price will be $30,000 all cash or $1000 per month, for 36 months, which will be funded from the monthly electronic funds transfer memberships so you have no out-of-pocket expense.

Details of financing: The store will pay me $1,000 per month out of the membership dues collected for 36 months, so your personal outlay to me will be zero (as long as you dont lose all your members!). You will pay the landlord for the first month and deposit and you should have some personal working capital to invest in advertising, cover your personal expenses, and any improvements you decide to make. Around 80% of our revenues come from the monthly contracts, which today are covering rent, phones, utilities etc. Those doing the finance deal will be expected to be working the store (not absentee) for around 50 hours per week (normal retail hours). Those paying the full $30,000 are not required to work it. You may keep the current name and access to web site and marketing for $300 per month (paid by memberships).

This is an opportunity for those that always wanted to open and run a gym!

Detailed Information

Plano, TX
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
A 3283 sf lease space with over 20 pieces of fitness equipment and dumbbells.
Health clubs are everywhere but none is like this. Privacy, no waiting, and a structured 30 minute workout plan. Most gyms are larger or smaller versions of the same floor plan, this is a purposed built facility to maximize results and minimize time.
Growth & Expansion:
This has the capacity for up to 3,600 customers.
$1000 per month for 36 mos or $30,000 cash Rent is 14.50 psf per year plus NNN
Support & Training:
Training at Plano location
Reason for Selling:
Other business interests demand time.
This business is an established franchise
Business Website:
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Business Location

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Business Listed By:
Patrick Kerwin

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