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Personal Training Studio - Group & Individual

Location  Pennsylvania,United States
Asking Price Range  < $250K
Gross Revenues  $96000
Net Profit / Cash Flow  $2500
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2001
Number of Employees  1 - 3
Inventory  22000
Relocatable  Yes
Number of Employees  1 - 3
Real Estate  Leased
Training  2 weeks support from current manager; continued support from franchisor; ISSA certification course included, paid $500 for it.
Reason for Sale  Owner retiring from the business due to health.
Description  Est. 2001, this Personal Training franchise is perfect for the Fitness Professional who wants to reap all the benefits and rewards of business ownership. Work with individual personal training clients in our private training suite and lead small groups of 2-4 men/women in group personal training sessions. Just started year 3 in current 5 year lease (2400 sq. ft. space). Current lease also has 5 year option to continue. Location is the byword in this community of upscale homes and businesses. Shopping center includes brand-new grocery store anchor plus just-opened fine dining establishment. Sale includes 3 rooms of top-line, almost-new fitness equipment including Life Fitness cardio and Smith machine equipment, 2 Paramount Functional Trainers, 2 complete sets of dumbbells from 3-60#, barbells, weight plates from 2.5-45#, kettlebells, bands, medicine balls, AED, TV and more Studio was completely remodeled in 2010 with new furnishings, carpeting, paint and decor. Price includes all furniture, furnishings, office equipment including computer system, fax, phones, credit card processor and more. Buy this now from the franchisor and you'd pay 230K plus! Additionally, a second franchise-only owned by the current owner is available to the purchaser of this franchise and will be included at no extra cost. That alone sells for 34K by franchisor. Many locations available for the second franchise to be opened boty locally, regionally or out-of-state. ISSA PT certification program worth $500 also included. Current owner, who has been absentee, is 60+ needs to retire from ownership due to health. This is reflected in the attractive pricing and desire for a quick settlement. Current part time trainers may be available to stay on. Current owner will offer present studio manager/trainer for transition assistance for a period of 2 weeks as the new owner gets acclimated. This is an amazing opportunity for a fitness professional with an entrepreneurial bent.
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