Anytime Fitness - Priced to Sell ASAP - Absentee-Owner

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Asking Price:
$150,000

Gross Revenue:
$221,973
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$290,000
included in asking price

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Business Description

Priced to sell ASAP, this absentee-owned franchise unit, in the 24-hour fitness center sector, has seen YTD Gross Profit rise 25% over the first half of last year. Lost money in 2018 but improving financials in 2019.

Opened in late 2017, and still like-new, the business is available for much less than the cost of a brand-new facility. This particular location currently has more than 450 customers who pay monthly fees, plus about 175 ‘Silver Sneaker’ members.

The current owners had planned to operate this for years to come; however, an abrupt change in personal life circumstances has meant that they need to sell the business now. The current owner is “absentee” with full-time employment. The owner employs studio managers who oversee operations and marketing. There are other part time trainers who offer one-on-one or small group training to studio members for a fee. A new owner could choose to either be absentee or be more fully engaged while growing the business to new levels.

The studio is open 24 hours a day, 365 days a year. It utilizes secure key-fob access for its members, with security camera monitoring throughout the facility. It is located in south Charlotte along a major commuter road linking downtown Charlotte with the outer suburbs.

A new owner would receive all the training and support that is provided to any new franchisee of this well-known name brand.

About the Business

Location:
Charlotte, North Carolina
Year Established:
2017
Number of Employees:
9
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
4,850
Rent:
$10,649.00 Per Month
Lease Expiration:
6/30/2023
Facilities:
The like-new studio is approximately 4,850 square foot, leased through 2023.
Market Outlook/
Competition:
Local competitors exist but the fitness market continues to grow and expand.
Growth & Expansion:
• New residential growth continuing to come to the surrounding area. For example, new 230-unit apartment buildings are going up nearby. Others expected soon.
• With just a little over a year in business for this location, membership needs to grow further to reach profitability.
• Very little on-going investment in local marketing
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About the Sale

Reason For Selling:
Personal Reasons
Training/Support:
Owner will work with buyer on a mutually agreed to transition plan.

Listing Info

ID:
1616344
Ad Detail Views:
0

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Business Listed by

Adam Petricoff

VR Mergers & Acquisitions - Charlotte

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