East Tennessee Franchise Fitness Club

Asking Price$1,000,000

Cash Flow
$250,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross RevenueNot Disclosed

Inventory$350,000
Included in asking price
FF&ENot Disclosed

Real EstateNot Disclosed

listing imageSave

East Tennessee Franchise Fitness Club


Asking Price$1,000,000

Cash Flow
$250,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross RevenueNot Disclosed

Inventory$350,000
Included in asking price
FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
This is a 24/7 fitness club located in East Tennessee. The club has a full complement of free weights, weight resistance machines, and cardio equipment. It also offers tanning and massage therapy.
About the Business
Years in Operation
5
Number of Employees
12
Franchise
This business is an established franchise
Facilities & Assets
The club is operated in a 7,500 sq. ft. building. It is a highly visible storefront and located on a major thoroughfare.
Market Outlook / Competition
The club is located in one of the fastest-growing areas in East Tennessee. The club has a Planet Fitness 3 miles away. The impact of the Planet has been absorbed. There is a mom and pop cross training club 2 miles away.
Opportunities for Growth
The club at one time was doing $30,000 per month in PT. The current owner after COVID did not continue to push PT. This PT number could be realized with an aggressive Personal Training program.
About the Sale
Seller Motivation
He has multiple clubs and wants to focus on his other clubs.
Transition Support
The new owner will be trained by the current owner for 2 weeks. In addition, the new owner will get additional training for one week by the franchise corporate trainer.
Listing Info
ID
2334278
Listing Views
626

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Jerry Lucas Lucas Business Brokers

Listing ID: 2334278 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.