MergerPlace

24 Hr. Fitness Center

Oklahoma (Pottawatomie)


  • Asking Price: $270,000
  • Gross Income: $342,787
  • Cash Flow: $74,676
  • Real Estate: Not Disclosed
  • Inventory: $1,000
  • FF&E: $343,486
  • Listing ID: #206313
  • Established: 2000
  • Employees: 4 FT

Business Description

Would you like to have fun while making money and also staying fit? Finally an opportunity to own a franchise gym at an affordable price, without the initial major start-up cost. This well-maintained Franchised 24 hour gym is located in the greater OKC area occupying space within a premier strip mall positioned on a busy thoroughfare. Because of the unique structure of this franchise system, you can easily operate the business with a minimal number of employees and still have time for other outside interest. This business offering presents a terrific opportunity to take over an established club with an existing member base upon which to build and take to the next level. Open 24 hours a day, 365 days a year, it prides itself on providing its members with personable service in convenient and well-maintained facilities which feature top-quality exercise equipment. This world-wide franchise is #1 on many lists and continues to grow. This is the first 24 hour fitness facility on the market, where each member gets his/her own electric security key fob, for entrance 24 hours a day, 7 days a week, 365 days a year, meaning low staffed hours with fewer headaches. This 650 plus member gym is growing and has plenty of room for expansion. This business is equipped with State-of-the-art security and surveillance systems to ensure member safety, even during unstaffed hours at the clubs 24-hour access, convenient parking, anywhere club access, tanning, personal training, cardio TV's, private restrooms, private showers.


Business Details

Primary Business Category: Services - Other Services
Location: Oklahoma
County: Pottawatomie

Company Information

Year Established: 2000
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 4 FT

Financial Information

Asking Price: $270,000
Gross Revenue: $342,787
Cash Flow: $74,676
FF&E: $343,486
Inventory: $1,000
Seller Financing Available: No

Property Information

Facilities:

At 5600 sq ft, this location is sizable. The Fitness Center has 2 private shower/restrooms, 2 additional restrooms, 2 offices, 3 flat screen TV's and 11 Cardio machines with TV consoles. In addition, this fitness center features top of the line commercial exercise equipment, a tanning bed, individual shower rooms and restrooms. Option to expand is available and a lease with options. The Real Estate is available and offered separately for $750,000.00.

Growth & expansion opportunities:

Open 24 hours a day, 365 days a year, this fitness center prides itself on providing its members with surprisingly personable service in convenient and well-maintained facilities which feature top-quality exercise equipment. There are great opportunities for growth in personal training, membership sales, group exercise and supplement sales. This Fitness center prides itself on providing its members with convenient fitness options and friendly, personal service in well-maintained facilities which feature top-quality exercise equipment. The franchisor promotes nationally but many opportunities exist to promote locally. A new Buyer could offer Boot Camps and retail health food and nutrition supplements to increase revenues.

Competition:

The market for health and fitness is not only large and continuously growing but it is also gaining traction not only with young people, but with persons of all ages as health insurance agencies are now encouraging everyone to have a membership. While competition is out there and always will be, this franchise is #1 on Forbes and will continue to thrive due to its brand recognition, quality and support.

Reason for selling:

The owners have other business interests. The current owners are willing to provide training for the new owner for a smooth transition.

Support & Training:

Will train for 2 weeks @ no cost. The owners are willing to stay on for 14 days for hands on training with an additional 2 weeks of on-call support. Also, support and training from the franchisor is required and available whenever needed. Seller will be happy to provide as much support as needed ranging from club operations to Quickbooks and TurboTax for Business. There are no special licenses to own this business.

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Business Listed By:

Geary Welch

Murphy Business Brokers