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Overview

Gyms and Fitness Centers

Boutique Fitness Center Franchises

Listing ID: GYM5

Entity Classification(M): Limited Liability Corporation

Year Established: 2020

Annual Sales: $462,033

Seller Discretionary Earnings: $100,685

FF&E: $36,008

Inventory: $1,000

Included Inventory: $1,000

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

Full-time Employees: 3

Part-Time Employees: 9

Reason For Sale: Other Interests

Reason for Sale Comments: Family issues require the owners time.

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

SBA Pre-Approved: No

SBA Lender: This business not SBA eligible

Franchise Renewal Date: 2030-01-04

Franchise Renewal Fee: $10,000

Franchise Agreement Term: 10 Years

Franchise Royalty %: 6%

Franchise Technology Fee:$260

Franchise Advertising Co-op Fee: 2%

Franchise Transfer Fee: $20,000

Franchise Fees Paid By: Negotiable

Listing Status: Active


Summary

Description:

Two location Wake County Fitness & Wellness Boutiques with an established category-leading franchise. Newly outfitted locations in two 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.

Buyer must complete franchise one-day training in Florida. Practitioners must complete one week of training in Florida.

This business is being sold a replacement value. Why build new franchises when you can acquire these existing locations with over $100,000 of positive cash flow from day 1?

Historical Summary:

These locations are approximately 4 years established.

The owners family circumstances have changed requiring the sale.

Historically owner worked approximately 30 hours per week.

Currently, the owner is working approximately 12 hours per week.

Growth & Expansion Opportunities:

Buyer may qualify for additional franchise locations with franchisor.

Owner Qualifications:

General business skills.

Support & Training:

Seller will provide up to 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: Wake County, NC

Facilities Type: Strip Center

Monthly Rent: $6,658

Building Square Feet: 2,481

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