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Turnkey State of the Art Gym: Priced to Sell Immediately!

Wilmette, IL (Cook County)
Hooked Wilmette

Asking Price: $100,000

Cash Flow (SDE): Not Disclosed

Gross Revenue: $196,000

EBITDA: Not Disclosed

Rent: $5,586 per Month

Established: 2022

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Business Description
HIGH TRAFFIC, GORGEOUS BUILT-OUT FITNESS STUDIO & BUSINESS FOR SALE! The typical boutique fitness studio costs $400,000 - $600,000 to start.

If you have a passion for fitness and need THE PERFECT space for your gym, look no further. Located in one of the highest traffic areas on the North Shore and right off the Edens Expressway, this is your chance to buy an established fitness and boxing studio gym at a low entry price. All mint condition equipment, state of the art sound system, client contracts, prospect lists and newly upgraded business systems included in sale.

The facility features a heavy bag area, free weights, and cardio equipment that facilitates boxing, strength, cardio, and circuit training for teens and adults. The studio can also include MMA, Jujutsu and other fitness formats as well.

Why deal with paying all the franchise fees plus build out costs? Or, have your own concept in mind? Maybe you just want a gym space that is already built out in a prime location?

This is perfect for a fitness entrepreneur or experienced trainer looking to own their own facility.

Ad#:2213251

Detailed Information
Location:
Wilmette, IL
Inventory:
$500
Included in asking price
Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
5/5/2028
Furniture, Fixtures, & Equipment (FF&E):
$175,000
Included in asking price
Employees:
5
Facilities:
Located in Westlake Plaza, a strip mall right off the Edens Expressway (160,000 VPD [vehicles per day]) at Lake Avenue & Skokie Blvd (40K VPD [vehicles per day]). The first bricks & mortar Wayfair is opening in Edens Plaza (across the street). Two large high schools within 2 miles. The space is a perfect square, making it an optimal floorplan. Other tenants include The UPS Store, Lou Malnatis, Supercuts and 3 popular Asian food spots. Free parking on site. The space is newly built out in 2022 with AV system and new equipment.
Competition:
Limited competition in the immediate area and no one offering boxing, bootcamp or MMA. This opportunity offers: 1) a simple operation to run with low monthly expenditures; 2) a location that is one of the highest trafficked on the North Shore; 3) highly respected coaching staff that loves what they do; and, 4) a very desirable prospect pool with average income in the area one of the highest in Chicagoland; 5) the flexibility to offer a wide range of fitness options in an intimate boutique setting.
Growth & Expansion:
The next owner can find opportunities for new leads/prospects in other towns (Evanston, Highland Park, Glencoe, Niles, Morton Grove). Expanding the marketing strategy with more grassroots, influencers, social media management. Adding more personal training, personal/corporate classes, small group kid’s classes could also be revenue drivers.
Support & Training:
Up to three months for ownership transition.
Reason for Selling:
The owners may soon be moving out of state.
Business Website:
https://hookedboxfit.com/

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Jim Bates - Partner
Business Listed By:
Jim Bates - Partner Jackim Woods & Co.
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Jim Bates - Partner
Business Listed By:
Jackim Woods & Co.
Phone Number

Ad#:2213251

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