Established and profitable national franchised small group personal training studios. Unique fitness program combines personal training with heavy emphasis on accountability. One trainer works with small groups while individualizing to each client’s needs and goals. Private upscale studio with affordable training. Clean and well-maintained studio and equipment. Manager in place along with 4 PT trainers. The Franchise’s corporate office does extensive newspaper, postcard, television promotional marketing which brings in leads year round.
Facilities: Well maintained 1,200 sq ft upscale space. Rent is $1,899./mo plus CAM $465 (no real estate taxes). Plenty of parking. New lease for new owner. Good location. FF&E is carefully maintained and in great shape.
Competition: Limited competition in the market area.
Growth & Expansion: Since the current owner only works 20 hours per week, a good first step for the new owner would be to work full time in the business. When the owner is present, they can cultivate relationships with clients to make sure they get results. This in itself will create a positive reason for the client to renew or upgrade their programs. When clients get results, they are happy and then they provide referrals which in turn, brings new clients. If new owner trains as well, it will lower payroll and increase profit. New owner could also extend hours/days open.
Support & Training: Seller will provide 2 weeks of training (20 hours per week) immediately after closing. Franchise requires 1 week training which is included in the Buyer’s Franchise Transfer Fee of $7,250.
Reason for Selling: Life altering event.
Asking Price Range:
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Yes
About The Business
Year Established: 2009
Number of Employees: 4 – 5
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Seller will provide 2 weeks of training (20 hours per week) immediately after closing. Franchise requires 1 week training which is included in the Buyer’s Franchise Transfer Fee of $7,250.
Reason For Selling: Life altering event.
Print Listing Id: 700257199