Popular brand health Club/fitness center looking for new owner operator!
Well established Popular Fitness Franchise Health Club in Eastern PA. Profitable Discount Fitness Franchise offering a wide range of premium fitness options, amenities and workout experiences. Training, classes and much more. Over 2000 active and stable members with over $600K in annual sales. The business is being run by absentee owners so Staff is in place so it is truly a turnkey opportunity.
Due to their busy careers, the owners have not kept up with marketing the business. As a result and despite the popularity of the brand, increased competition has taken away members that have not been replaced and leading to a decline in sales.
The business has been priced accordingly. Purchaser will also be required to pay fees of approximately $70,000 to the franchisor.
This is a unique opportunity to make an investment in the *$33 Billion Gym, Health and Fitness Clubs industry (Source: IBISWorld December 2018) for a fraction of the cost of opening a new club! There are over $200K in assets (after depreciation) included with this club.
The franchisor has several marketing strategies that the new owner may implement. The brand is very popular.
There are several competitors in the area.
Due to other interests, the partners can not invest the time needed to run the business.
Will train for 2 weeks @ $0 cost.