PENDING OFFER - Profitable, Absentee Gym Franchise - Anytime Fitness

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Long standing Anytime Fitness, huge market, now available.
Asking Price:
$119,999

Gross Revenue:
$202,148
Cash Flow:
$40,386
EBITDA:
$40,386
Inventory:
$1,500
included in asking price

FF&E:
$75,000
included in asking price

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Business Description

PENDING OFFER - Would you like to have fun while making money and also staying fit? Finally an opportunity to own a franchise gym at an affordable price, without the initial major start up cost. This world wide franchise is #1 on many lists, and continues to grow. The first 24 hour fitness facility on the market, where each member gets his/her own electric security key fob, for entrance 24 hours a day, 7 days a week, 365 days a year. Meaning low staffed hours with no headaches.

This facility has 855 members! 508 monthly reoccurring billed members, and 347 pay-per-visit members. A large neighborhood being constructed nearby, heavily traveled intersection, world recognized brand name, as well as the franchises deals with many health insurance agencies provides new members weekly. With additional advertising and marketing, as well as community events, you could hit 1,000 members by year's end.

Current owner is semi absentee, and works out and talks with members most of the hours that he is physically there. Has one very reliable part time employee, as well as multiple subcontracted trainers/instructors. You can continue to run part time 7-14 hours a week yourself, or run it full time for additional cash flow, and increased revenue. Very clean books and records for verifiable income and cash flow. Very fun and affordable business that can be run part time, full time, or fully absentee. Make your own hours, enjoy what you do, and have more free time!

About the Business

Year Established:
2009
Number of Employees:
1
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
4,966
Lease Rate/Sq. Ft./Mo.:
$1.04
Lease Expiration:
12/31/2018
Facilities:
Beautiful building located at busy, high traffic crossroads in heavily populated, high income area. Anchor tenant with almost 5,000 square feet of space is a must see. Top of the line commercial exercise equipment, 2 tanning beds, individual shower rooms, and restrooms. Option to expand is available and a lease with options. Landlord is very easy to deal with and being an anchor, franchise tenant also helps.
Website:
www.anytimefitness.com
Market Outlook/
Competition:
The market for health and fitness is not only large and continuously growing. Gaining even more traction not only with young people, but of all ages as health insurance agencies are now encouraging everyone to have a membership. While competition is out there, and always will be, this franchise is #1 on Forbes, and will continue to thrive due to it's brand recognition, quality, and support. This particular location has been open and strong for almost 10 years.
Growth & Expansion:
Franchise provides all major advertising and marketing. Current owner does no individual marketing, although advertising within the area would increase revenue and cash flow tremendously. Community events would also be a plus.
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About the Sale

Reason For Selling:
Owner is moving out of country for one of his other businesses.
Training/Support:
Support and training from the franchise is available whenever needed. You will be provided a dedicated team member from headquarters trained in new ownership for the first year. Meaning the first year of ownership they will hold your hand if needed! Great franchise staff who want you to succeed!. Owner also willing to stay on for 30 days for hands on training.
Seller Financing:
Cash buyer price at $105,000. Finance 50% Down With 6% Interest Is Negotiable.

Listing Info

ID:
1360155
Ad Detail Views:
665

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Business Listed by
Justin Henry
U.S. Census Data for Macomb County, MI
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U.S. Community Survey Data for Macomb County, MI
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Source: American Community Survey (2010-2014), United States Census Bureau.

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