MergerPlace

Fitness Center Franchise - Low Price

Pennsylvania (Montgomery)


  • Asking Price: $149,000
  • Gross Income: $644,434
  • Cash Flow: $8,422
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $132,477
  • Listing ID: #212955
  • Established: 2008
  • Employees: 1 FT / 22 PT

Business Description

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.


Business Details

Primary Business Category: Services - Business
Location: Pennsylvania
County: Montgomery

Company Information

Year Established: 2008
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 1 FT / 22 PT

Financial Information

Asking Price: $149,000
Gross Revenue: $644,434
Cash Flow: $8,422
FF&E: $132,477
Seller Financing Available: Yes

Property Information

Facilities:

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.

Growth & expansion opportunities:

The franchisor has several marketing strategies that the new owner may implement. The brand is very popular.

Competition:

There are several competitors in the area.

Reason for selling:

Due to other interests, the partners can not invest the time needed to run the business.

Support & Training:

Will train for 2 weeks @ $0 cost.

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Business Listed By:

Russell Miller

Murphy Business Brokers