Listing Number: 76931-155003
This is a unique opportunity to get in on the ground floor of a highly profitable and new fitness and health business with tremendous growth prospects. The fitness facility fits a niche business model positioned as a smaller alternative relative to the Big Box Gyms.
This new brand provides an improved and better value proposition than its primary competitors and the first movers in this smaller fitness space – Orange Theory Fitness, Cycle Bar, and Soul Cycle. All these competitors enjoyed rapid (nearly unbridled) growth as Americans seek and evolve the way they consume fitness. According to Research and Markets the global health and fitness club market is projected to grow at the rate of 10.6% through 2023.
This proven and emerging brand differentiates itself from its competition by being a holistic one-stop health shop that provides a high-tech workout with state-of-the-art workout equipment, instructor-led small group fitness classes with individual heart rate monitoring equipment, along with nutrition services and nutrient-dense pre-packaged meals. The facility has a dedicated space that is exclusively designed for kids while the parents work out, plus a 20-foot mobile van that promotes the brand and location to the surrounding community. Moreover, the facility located in North Houston is in one of the best and fastest-growing areas in the country with top tier demographics.
F.F.&E. and Leasehold Improvement assets are worth over $471K. In its first full year of operations, 2018 revenues exceeded $700K with $155K in owners benefit on an absentee basis and $235K on an owner-operated basis (2018 tax return basis so no fudging). Sales are up 10% in 2019 and there is additional upside with a new corporate wellness program. Increasing collaborations between fitness training centers and corporates are also expected to support the health and fitness club market. Increasing collaborations between fitness training centers and corporates are also expected to support the health and fitness club market.
The best part is that this new fitness concept is nearly ready to franchise given its proven performance in the high growth fitness, wellness and nutrition industries, with an established and registered trademark name brand, a 400 page professionally written operating manual and an impressive video on the business concept.
This business is VERY franchisable! With adding a secondary location, creating a marketing plan, hiring marketing staff or externally sourcing and creating a Financial Disclosure Document (FDD) this business is ready to franchise.
The dynamic owner is only selling “his baby” because given his high-pot talent, he received an incredible job offer from a premier company in another industry that he could not refuse. He is no longer available to dedicate the time and effort needed to grow the business to the next level. However, for the right buyer with a shared vision, the owner is willing to consider staying on either as a passive partner or part-time consultant due to his desire to see the business succeed. Seller is prepared to offer $135K in seller financing to a qualified buyer.
Excellent opportunity for a passionate and innovative buyer looking to purchase a new gym with a unique model that is raving with google reviews and providing customers with desired results.
- Price: $499,000
- Down Payment: $364,000
- Sellers Discretionary Earnings: $235,000
- Total Sales: $692,000
- Location: Montgomery County, Texas
- Inventory: $3,500
- FF&E: $200,000
- Employees: 8
- Reason for Selling: Has A Full Time Job and Can Not Dedicate the Time to Grow the Business
- Category: Fitness