MergerPlace

Fitness Franchise in Prime Location

Texas (Harris)


  • Asking Price: $110,000
  • Gross Income: $545,323
  • Cash Flow: $69,789
  • Real Estate: Not Disclosed
  • Inventory: $15,420
  • FF&E: $25,000
  • Listing ID: #198232
  • Established: 2012
  • Employees: 1 FT/14 PT

Business Description

This fast-growing, dynamic boutique fitness franchise offers total body workouts with classes, private sessions and individual workouts. The value proposition is that the members receive unlimited use for one low fixed monthly price. The club is membership-based with loyal members providing recurring monthly revenues. It is a fitness center focused on well-being and health through movement. This is a simple model with few employees, minimum inventory and no fitness experience needed. Currently there are over 400 members.


Business Details

Primary Business Category: Retail Trade - Health & Personal Care
Location: Texas
County: Harris

Company Information

Year Established: 2012
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 1 FT/14 PT

Financial Information

Asking Price: $110,000
Gross Revenue: $545,323
Cash Flow: $69,789
FF&E: $25,000
Inventory: $15,420
Seller Financing Available: No

Property Information

Facilities:

The club is located in a prime retail space in one of the fastest growing business areas in Houston which is also one of the most affluent. 25% of the space is allocated for front office and retail with the balance being for the gym itself. Currently ran mostly owner absentee, a new owner could continue that and grow other territories for a large operation. A new owner could also come in and take the place of management for more income potential!

Growth & expansion opportunities:

A full time effort by an owner operator should enable someone to grow the business by 20-30% a year and has shown over 30% growth in memberships year to date despite the economy in Houston. This fitness franchise is located in the heart of one of Houston’s busiest business districts in a very affluent area. The open location is running great and a new owner can build out the other territories as well for an amazing fitness empire!

Competition:

There are always competitors in the fitness industry – because it is a multi-billion dollar industry that is not just a “nice to have” in this day’s sedentary office-bound city life, it is a “need to”…particularly in Houston where summer heat and winter cold make working out outdoors less than pleasant. This franchise is ranked one of the fastest growing franchises and has been featured on many news and sports shows. Big box gyms are not the real competition since this center appeals more to the client who is looking for both more personalized attention and that appeals to a niche. This franchise easily beats out the competition!

Reason for selling:

Owner took this on intending to be semi-absentee but is not able to devote as much time as needed. It would be better run by an Owner-Operator.

Support & Training:

Will train for 2 weeks @ no cost. No fitness experience is needed to operate and manage the business.

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Business Listed By:

Steve Herrera

Murphy Business Brokers