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Established Fitness Franchise For Sale
Location Ontario,Canada
Asking Price Range $250K - $500K
Gross Revenues $217972
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2010
Number of Employees 1 - 3
Inventory 437900
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training The current owner is willing to stay on for a mutually agreeable transition period.
Reason for Sale Current owner's recent change in family situation and lack of time had made it difficult to concentrate on growing the business.
Description This GTA fitness franchise has been operating since 2010, and provides its clients with affordable, 24-hour access to an active and healthy lifestyle. This is a turn-key opportunity, which comes with a stable membership base, a recurring revenue stream, and has excellent potential for growth by focusing on corporate clients, and personal training and additional community involvement. The facility comes fully stocked with a wide variety of recently purchased, and well-maintained exercise equipment (exercise machines, cardio equipment, and free weights), and over $275,000 in leasehold improvements to provide a superior workout atmosphere.
The facility is located in a new commercial plaza that is situated along a highly trafficked road with very good visibility from the street. It is also close to a major highway interchange, and shares the plaza with highly reputable tenants, such as RBC, Starbucks, Subway, etc.
Current owner's recent change in family situation and lack of time had made it difficult to concentrate on growing the business. Currently run as an arms-length investment, the business is breaking even; however, it will require a hands-on operator to take it to the next level. Compared to opening up a new location, outfitting and building to specifications, negotiating a lease and starting without any client base, this is a great opportunity to own and operate a business for a fraction of a new start-up cost.
Experience in the fitness industry is not mandatory. The current owner is willing to stay on for a mutually agreeable transition period, so as to assure smooth transfer of the business and to maintain a high level of customer service.
Asking Price: $289,000
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