Excellent Franchise Fitness Gym In The Chicago Western Suburbs

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An amazing opportunity to get into the fitness industry!!
Asking Price:
$739,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

SPENGA focuses on spin, strength and yoga offering an eclectic fitness experience. By combining three essential elements of fitness to create what is simply known as "the best workout ever." The unique concept delivers a combination of spin, strength and yoga in every 60-minute session, designed to help improve endurance, strength and flexibility. This studio is located in the heart of a thriving downtown in the suburbs of Chicago and is accessible by CTA. They have over 400 members and growing strong with an average of over 100 prospects entering the studio monthly and plenty of space in the facility to add additional revenue streams such as child care or food services. SPENGA is growing with over 30 franchises sold across the nation and counting. This location can be purchased as a stand-alone studio or part of an Area Development agreement negotiated directly w/ SPENGA corporate.

About the Business

Franchise:
Yes
Facilities:
Located on a busy street nearby a Target, Chipotle, T-Mobile, as well as many other restaurants, retail stores, and two brand new condo buildings. Plenty of street traffic daily to drive prospective members. There is also a large Parking Garage On-site in which the first 1.5 hours are free.
Website:
spenga.com/
Market Outlook/
Competition:
Fitness exclusivity: Lease contains fitness exclusivity for the building meaning no fitness competitor can rent space in the building without SPENGA's permission.

Location: Accessible by public transit CTA blue line and busy foot traffic to help drive membership and business.
Growth & Expansion:
This franchise unit is considered a "model" for new locations and is fully staffed. The General Manager and instructors are all trained and long-term fitness professionals. This sale is CONFIDENTIAL and requires a signed Non-Disclosure agreement before discussing the location/financial details.
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About the Sale

Training/Support:
SPENGA franchise corporate headquarters will provide full training and support. This particular location is fully staffed and has maintained 90% of their instructors since opening.

Listing Info

ID:
1532988
Ad Detail Views:
675

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On Pace Franchise & Business Advisors

On Pace Franchise & Business Advisors

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