Price: $305002

Location: Aurora

Province: Ontario

Description

Do you have a passion for fitness and want to share it with others? Turnkey, growing, and profitable. Double the opportunity with a two location, top-ranked boutique fitness franchise available in the Golden Horseshoe. The current owner has done all the heavy lifting, building a community of loyal clients with a facility that appeals to today’s fitness customers. All facilities and equipment are in excellent condition. The business’s trained and loyal staff work well within the franchise system to help make it successful. Additional sales and marketing efforts will help increase membership and raise sales and profits to peak levels. If you have the drive and passion, this is your opportunity. Specialized fitness centre dedicated to serving clients who want a unique, fun, and proven workout that guarantees results. No class times or appointments, all sessions are led by a trainer, full-body workout that changes daily.

LISTING DETAILS

Total Sales: $370,000

Cash Flow: $105,000

FFE: $41,500

FFE Included: Yes

Inventory: $2,500

Inventory Included: Yes

Operation

Year Established: 2017

Days & Hours of Operation: Mon-Thurs 6:00 am - 1:30 pm and 3:30 to 8:30 pm Friday 6:00 am - 1:30 pm and 3:30 to 7:30 pm, Saturday 8:00 am -12:00 pm Sunday - Closed

Owner Hours Per Week: 40

Employees: 2 FT (Owners) 8 PT

Location

Type of Location: Retail - High traffic area

Square Footage: 1400/1020 sq. ft.

Franchise: Yes

Summary

Facilities Information:

Facilities are completely built out to current franchise standards and in excellent condition. Leased space, transferable with a long term lease.

Terms and Conditions?:

1

Reason For Sale:

To care for a recently widowed parent who lives 2+ hours away. She is no longer able to give the business the time it needs.

Training & Support:

1-week of mandatory franchise training at corporate headquarters (at own expense) and Negotiated amount of training from the current owner (1-week to 1-month). The owner is committed to helping the buyer with a successful transition.

Owner Qualifications:

The buyer will need to go through an approval process with the Franchisor. The buyer will need to attend a 1 on1 interview and discovery day to be approved. The cost of travel and accommodations are the responsibility of the buyer.

Minimum requirements are:
o Credit Score 670+
o $30,000 liquid cash
o $150k net worth

Franchise transfer fees are included in the asking price but will be paid directly to the franchisor by the buyer.

Competition:

A healthy amount of direct competition, but positioned very well in the specialized fitness category.

Potential Growth:

Poised for significant growth by increasing marketing efforts.

Financing/Terms:

Negotiated

LISTING BROKER

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