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Established Franchise Fitness Clubs two locations for sale in Southeast, MI

Southeast, Michigan (MI)

Asking Price: Gross: Cash Flow:
$ 280,000 $ 280,414 $ 91,003

Furniture and Fixtures Value:
$ 219,000 (included in the asking price)

Inventory Value:
$ 500 (included in the asking price)

Business Summary:
Our firm is pleased to introduce two outstanding turnkey franchise fitness locations for sale in Southeast Michigan. Both locations are recognized as a 24/7 franchise brand allowing members access to cardio equipment ,free weights, strength training, personal training and more. Very well established with competent staff in place and great family feel. These franchises continue to produce a steady cash flow, have a strong and consistent membership base and are well known in each respective community. Each location services close to 400 members.The success of these two clubs is clear from their on-line excellent reviews and outstanding community reputation. The owner spends most of his time at one of the clubs, where the other location is entirely ran by staff. One of the clubs has been recently renovated to meet all corporate requirements. All state of the art equipment included in the asking price.Owner is pursuing other ventures, but is willing to assist with transition. This fitness franchise model is a perfect fit for both experienced and novice business owners.

 

   
Year Business was Established: 2008
   
Number of Employees: 6  
   
Facilities / Terms of Lease: Good lease terms on both locations with options available.  
   
Potential Growth/Expansion: A new manager with renewed focus and energy can quickly boost performance by partnering with nearby small businesses and pursuing creative marketing ideas.  
   
Competition: 1 million people join health clubs each year and the industry has a 2.8% annual projected growth rate from 2014 to 2019. Although competition exists, the 24/7 concept gives this franchise an edge in the market.  
   
Owner willing to finance: This business is SBA pre-approved  
   
Owner willing to train: The buyer will have training at the corporate headquarters as well as training with the seller.  
   
Reason for selling: Pursuing other interests.  
   
Seller Reference Number: 011818
BusinessMart.com Listing Number: 221522
 

 

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For more info contact:

Tanya Popov

INIX Business Brokers
248-425-2129

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