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Overview

Gyms and Fitness Centers

Boutique Fitness Center Franchise

Price: $262,500

Listing ID: GYM3

Entity Classification(M): Limited Liability Corporation

Year Established: 2021

Annual Sales: $237,628

Seller Discretionary Earnings: $102,127

SDE Multiple: 2.6x

SDE Margin 43.0%

FF&E: $36,008

Inventory: $500

Included Inventory: $500

Days & Hours of Operation: T-F 7am-7pm; Sat 7am-4pm

Full-time Employees: 1

Part-Time Employees: 5

Reason For Sale: Other Interests

Reason for Sale Comments: The owner is selling to spend more time with growing family.

Limited Seller Financing: Seller may provide a portion of seller financing dependent upon overall transaction terms and conditions.

Franchise Renewal Date: 2030-01-04

Franchise Renewal Fee: $5,000

Franchise Agreement Term: 10 Years

Franchise Royalty %: 6%

Franchise Technology Fee:$260

Franchise Advertising Co-op Fee: 2%

Franchise Transfer Fee: $10,000

Franchise Fees Paid By: Negotiable

Listing Status: Active


Summary

Description:

Now Available: Fabulous Wake County Fitness & Wellness Boutique with an established franchise and category leader. Newly outfitted location in one of Wake county's fastest growing areas. Easy to operate system, clientele on recurring revenue and a relaxed environment with a GM and experienced staff already in place. Approximately 140 current accounts. Buyer must complete franchise one day training in Florida. Practitioners must complete one week training in Florida. Contact us today; this great opportunity will not last long.

Historical Summary:

This business is currently one of two locations operated by its owner.

Growth & Expansion Opportunities:

Buyer may qualify for additional franchise locations with franchisor.

Owner Qualifications:

General business skills.

Support & Training:

Seller will provide 16 hours of transition support in addition to franchisors training requirements.

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Carmen Marzella, Esq.

Senior Broker - Attorney - Team Counsel - Cary, NC

Office: (919) 653-8800 Ext.1

Cell: (919) 413-5763


Contact Listing Broker

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Real Estate Transaction Handled by

2009 Caminos Drive, Raleigh, NC 27607

Real estate agent's disclosure Form

Location: This business operates in a retail strip center from a well-appointed leased location.

Facilities Type: Strip Center

Monthly Rent: $2,800

Building Square Feet: 1,174

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