MergerPlace

Theme Based Specialized Fitness Center

Virginia (Chesapeake City)


  • Asking Price: $49,500
  • Gross Income: $117,772
  • Cash Flow: $2,448
  • Real Estate: Not Disclosed
  • Inventory: $500
  • FF&E: $33,000
  • Listing ID: #213163
  • Established: 2014
  • Employees: 1 FT / 2 PT

Business Description

Theme Based Specialized Fitness Center. Located in Hampton Roads, this Fitness Center offers up a unique exercise regiment based on a fitness program developed by the Franchise. The program is results oriented, incorporating functional, cardiovascular and circuit training regimens. This member based location enjoys the use of a proprietary system unique to the franchise and offering up the opportunity to “change members lives”. Quite a charge and promise. But the notion is based on some simple fundamental facts. The designers wanted to create a place where busy people could go to get a killer workout without planning their whole lives around making a class time, or spending hours at the gym. In addition, one of the founding members of the Franchise, following a long run with exercise, training and fitness set out to create a non-intimidating, convenient circuit workout format that the average person could enjoy the benefits of boxing and kickboxing without getting hit. Further, he knew that keeping the workout short, but still effective, was key when creating the concept. The company was founded on the idea that people do not need to spend more time in a gym, they just need more focus and intensity. And from there the franchise now has over 700 locations established and growing. Currently this location has two employees and over 100 members. And also growing. The owners has competed four years of operation with six years remaining on the franchise agreement. The facility and location is established and operating just above break even. The platform is set to deliver breakout performance and right now a buyer can acquire a fully constructed facility at a very reasonable price well below the average startup.


Business Details

Primary Business Category: Amusements, Entertainment, Other
Location: Virginia
County: Chesapeake City

Company Information

Year Established: 2014
Home Based: No
Franchise: Yes
Relocatable: Yes
Number of Employees: 1 FT / 2 PT

Financial Information

Asking Price: $49,500
Gross Revenue: $117,772
Cash Flow: $2,448
FF&E: $33,000
Inventory: $500
Seller Financing Available: No

Property Information

Reason for selling:

Relocating.

Support & Training:

Will train for 2 weeks @ $0 cost.

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Business Listed By:

Frank Chebalo

Murphy Business Brokers