Multi-Site Franchise Gym Business *Very Motivated*
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This is a portfolio of five franchise gyms located in Metro Detroit's affluent and highly populated communities. The current owners bought the business in 2022 from previous owners who did not perform any marketing or sales, which created an opportunity for the current owners to improve business efficiencies. The business can now be operated with minimal involvement due to excellent management. The franchise has a membership-based model, with an average monthly membership cost of $52.50. The business also generates revenue through personal training, which has a net margin of over 50%.
About the Business
- Years in Operation
- 3
- Franchise
- This business is an established franchise
- Facilities & Assets
- This multi-gym listing includes two well-established clubs and three newer locations all in highly populated, affluent communities in Metro Detroit. Currently, all locations are at different stages of a “Club Refresh” with some require remodeling and others needing minimal upgrades.
- Market Outlook / Competition
- The Global Health and Fitness Club market size is anticipated to expand at a CAGR of 7.5% to reach USD $125.23 Billion by 2030. [1] Additionally, an attendance increase in the 20 to 64-year-old age group, the largest gym-goers, has boosted gym membership demand in the United States. Baby boomers are also expected to join health clubs as they prioritize their health with age.
- Opportunities for Growth
- Personal training represents a lucrative revenue stream for the gyms, providing a critical financial backbone beyond basic membership fees. Personal training sessions offer a higher price point compared to standard gym memberships. While a membership fee gives access to facilities, personal training services are priced higher because they provide personalized attention and tailored workout plans. The net margin on these service is over 50%.
About the Sale
- Seller Motivation
- Focus on other businesses
- Transition Support
- The business now operates with excellent management and can be operated nearly absentee with minimal involvement. After nearly three years of successful revitalization, the owners are now in search of a driven sales-minded entrepreneur to assume control of this portfolio. They are seeking a buyer who will continue to expand through innovative growth strategies.
Listing Info
- ID
- 2403853
- Listing Views
- 1549
Attached DocumentsAttachment Disclaimer
Listing ID: 2403853 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.
Businesses for SaleMichigan Businesses for SaleMichigan Health & Medical Businesses for SaleMichigan Health Clubs, Gyms & Fitness Center Businesses for Sale
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