Company Listing ID: CGLA – 00179
Asking Price:$45,000
Gross Revenue:$149,449
EBITDA:$48,130
FF&E:$100,000
Business Description
This is an incredible price for fitness center with $100,000 worth of equipment located in a great location. The equipment alone is worth $100,000, and for the past 12 years it produced consistently around $50,000 profit each year (2020 was lower because of the pandemic, but it has been picking back up since June and going strong again.) The owners are selling it because they had to move out of state (military.)
The business has been in operation successfully for 12 years and has had consistently around 600 clients ( during this corona pandemic it has maintain around 440 clients) and a very good reputation in the area.
The Fitness Center has been completely redesigned 2 years ago and is in top shape. The current owner has spent large amounts of capital bringing the location up to the Snap Fitness Franchise standards. This is a great opportunity to own a fitness center without having to spend a large amount time and money building it from scratch, and bringing it to the Franchise’s high standards.
A self-entry system is employed for the entrance to eliminate excess payroll and increase the bottom line. Business is located in a great area with very limited competition.
Detailed Information
- Location:
- Washington County, LA
- Inventory:
- Included in asking price
- Real Estate:
- Leased
- Building SF:
- 4,950
- Furniture, Fixtures, & Equipment (FF&E):
- Included in asking price
- Facilities:
- Great location. Complete renovation 2 years ago. Everything in top shape
- Competition:
- Very little competition inn the area
- Growth & Expansion:
- There are currently around 600 customers for this location, but the past client database includes over 4,000 contacts that you can reach out to and invite them to join the Fitness Center. This is a great time of the year to purchase this location as January / February are major months for increasing Gym memberships.
- Support & Training:
- Complimentary 30 days transitional training available. The Franchise also provide excellent training and support with anything related to running this business.
- Reason for Selling:
- Moving out of state
- Franchise:
- This business is an established franchise
