Sold
CONTRACT PENDING
Jump right into a large network of fitness center franchises with 1750 locations around the world. This brand is rapidly expanding. Located in an upscale Orlando community. Seller opened the doors right when COVID began and even though the times were challenging, has brought the business to a profitable level. The growing pains of starting a business from scratch have been done for you. Everything is in place for you to hit the ground running and take the business to new heights. Business can be bought for $179,000 which is about ½ of what it would cost you to start a franchise from scratch. Don’t miss this great opportunity in the fitness industry.
Listed By: Paul McNally
Background information
Reference:
4162-05030
Year established:
2020
Reason selling:
Sellers have other interests
Finance
Sales:
$269,419
Profits:
-$5,990
Profit type:
Discretionary Earnings
Operations
Employees:
5 part time employees
Inventory:
$10,000 included with sale of business
Premises
Facility:
Great location in a Plaza located in an upscale area of town. Location is on a busy well-traveled road. Lease has two 5-year options available.
Square footage:
2520
Rent and lease terms:
$8,156. per month. Current lease to 8/31/24. Two 5-year options after lease is up.
Opportunities
Growth:
New energy from a buyer will help propel this business to a much higher level. The hard part of starting a new business is now behind them.
Market:
This franchised fitness center has been growing steady since opening. There are other fitness centers in the area however because of the programing that this franchise offers it sets them apart.
Price and terms
Price:
$179,000
Down payment:
$179,000
Training:
The seller will provide 2 weeks of training and indoctrination at no cost to the buyer. Buyer will also need to do franchise training.