Boutique Fitness Studio - Crete
Business Description
HOTWORX Crete is a smaller sized studio in the HOTWORX franchise world, but in Crete, Nebraska, it is a beacon of boutique fitness in an area with very few options for fitness and access to infrared sauna technology. This studio has so much potential and reach. We have happy and long-term members! They understand what a benefit it is to have a national franchise right on their own Main Avenue.
We boast an average monthly membership utilization rate of 52%, beating the industry standard. We have happy members that tend to keep their memberships far longer than what is expected within the industry. However, we also recognize that there is still lots of great room for growth and connection within the community to grow this business.
We boast an average monthly membership utilization rate of 52%, beating the industry standard. We have happy members that tend to keep their memberships far longer than what is expected within the industry. However, we also recognize that there is still lots of great room for growth and connection within the community to grow this business.
About the Business
- Years in Operation
- 4
- Number of Employees
- 4
- Currently Relocatable
- Yes
- Franchise
- This business is an established franchise
- Market Outlook / Competition
- In Crete, the fitness competitors are:
- HillTop Fitness - also a 24-hour facility, that offers in-person classes and heavy weights and boot-camp style
class offerings.
- Hills & Valleys Fitness - a Personal Training gym, offering small in-person classes, nutrition coaching and oneon-
one personal training.
- Haddix Rec Center at Doane University - this facility is on the Doane University campus - open to students,
faculty, staff and Crete residents. - Opportunities for Growth
- HOTWORX is a fast-growing international franchise brand. Brand awareness has skyrocketed in the four years
we have been franchise license owners. This helps the local brand as well as the growth of the overall company.
For HOTWORX Crete, specifically, the right owner/GM has unlimited opportunities to grow this business further.
Frankly, the current owners are holding back the growth due to other constraints and commitments. We recognize
that we need to get out of the way and let the right person step in and take this business to the next level and
beyond
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
- Building Sq. Ft.
- 1,700
About the Sale
- Seller Motivation
- Time issue with other business
- Transition Support
- 2 weeks
Listing Info
- ID
- 2410145
- Listing Views
Listing ID: 2410145 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.
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