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Two Fitness Centers - 85% Monthly Recurring Revenue

Hillsborough County, NH

Seller Financing Available
Two Fitness Centers - 85% Monthly Recurring Revenue
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Asking Price: $795,000

Cash Flow: $300,000

Gross Revenue: $1,100,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $6,300 /Month

Established: 2015

Two Fitness Centers - 85% Monthly Recurring Revenue

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Business Description

Two Fitness Centers with 85% Monthly Recurring Revenues - Sales Up 10% in 2019

Based on the first 6 months of 2019, the full year sales are on track to reach $1.3M and the SDE earnings to be about $360,000. Two national fitness franchises - established. The franchisor operates nationally, about 500 units, and has been rated as a top Franchise Brand by Entrepreneur Magazine. Approximately 85% of the monthly revenue is recurring. 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 over $1.1 million. Highly turn-key operation. Systems in place allowing a new owner to step in and run the business successfully. 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. 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

Location:
Hillsborough County, NH
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,300
Lease Expiration:
N/A
Employees:
33
Facilities:
Two great, convenient, leased locations. They are high-traffic locations with off-street parking. One 2300 sq. ft. and the other is 1800 sq. ft.
Competition:
Franchisor is an industry leader
Growth & Expansion:
May be achieved through increased marketing and promotion.
Financing:
SBA Financing Canditate with at least 10% and good credit. Small amount of seller fin
Support & Training:
Franchisor provides training. Additionally the owner is willing to stay on and help transition for two weeks but is negotiable.
Reason for Selling:
Pursue another investment
Franchise:
This business is an established franchise
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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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