Established Franchises - Business for Sale Details

24 HOUR FITNESS CENTER

Overview of the Business:

This franchise fitness center that allows members 24-hours a day, 7 days a week access through a unique key card system to state-of-the-art strength, circuit training and cardio equipment and other services. This center has seen great growth in membership and currently has active membership of 900. Members of all fitness levels exercise in a safe, clean, secure and modern environment at a time that is convenient to their schedule. Additional services include personal trainers and private showers and bathroom facilities. Members also enjoy access to all other of this franchisor’s clubs nationwide, making it very appealing to members. This facility could easily be run absentee, with absentee ownership cash flow estimated at $151,170.

Property Features and Assets:

The facility is 4,800 square feet of space on a main thoroughfare and in a high-volume shopping center. The center has a check-in counter, a large area for its state of the art cardio and weight machines and private rest rooms and showers. The facility was up-fitted specifically as a fitness center in 2006 and has a 24 hour access system and security system for its members.

Market Competition and Expansion:

The owner of this location owns multiple centers and is currently opening other locations, therefore has not had the time to market the center properly. A new owner should be able to increase membership through a variety of marketing initiatives. The addition of tanning, massage and retail merchandising could add ancillary revenue streams to further boost the cash flow of the center. Also, this center is located in a rapidly growing area for both residential and office space, so it should benefit from continued growth in the area.

Additional Details:

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