Profitable Circuit Training Gym in Chesapeake.

Chesapeake, VA (Chesapeake City County)

Seller Financing Available
Profitable Circuit Training Gym in Chesapeake.
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Asking Price: Get Financing: $95,000

Cash Flow: $52,584

Gross Revenue: $125,581

EBITDA: N/A

FF&E: $5,000

Inventory: $250

Established: 2013

Profitable Circuit Training Gym in Chesapeake.

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Business Description

Profitable, well branded, circuit training gym in the Chesapeake area. This gym is growing, with a good location and staff in place to run. Sellers have not been as active in this location as they would have liked, so they feel there is continued upside growth for an active owner. It is a strong franchisor that continues to grow and currently has opportunities for additional locations if wanted. This is a unique niche in the fitness industry with strong competitive advantages, with low overhead, and able to purchase for the cost of setting up a new location but with it already profitable. For more information, contact listing agent: Tim Johnson at 757-741-8797.

Detailed Information

Inventory:
Included in asking price
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This is a leased location of 1,235 square feet with a Total Rent of $2,300. Lease ends 03/2023 with a one 5 year lease option. Seller is not active in the business with 1 FT employee and 2 PT employees. Hours of operation are 3 days start 6 AM, 1 PM, 3:30 PM closed. Then open till 8 PM and 7 PM Saturday . $250 in Inventory and $5,000 in FF&E included in Asking Price. $10,000 made in Leasehold Improvements. Assets include Franchise Fee $30,000!
Support & Training:
1 week, plus 1 week at Corp in SC.
Reason for Selling:
Owns 2 other locations, loves the business but wants to focus on other locations
Franchise:
This business is an established franchise
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(from currently available funds)
 
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Tim Johnson

Business Listed By:
Tim Johnson

First Choice Business Brokers of Hampton Roads

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