Established Personal Training Business in a Very Busy, Upscale Location. Great Customer Base and Excellent Reputation. Very Profitable!

Location: Massachusetts, United States
Category: Services
Type: Established

Financials

Asking Price: $229,000
Cash flow: $197,145
Revenue: $476,438
Gross Income: Not Disclosed
Inventory: Not Disclosed
FF&E $40,000 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

Established in 2003, this franchised business offers their clients a unique personal training and fitness experience tailored to fit their needs, whether it is weight loss, muscle building, recuperating from an injury or just wanting to get in shape. Clients typically sign up for three to six month increments and come in for three scheduled sessions per week. The business currently has approximately 80 clients under contract, comprised of 60% women and 40% men.

Located in a busy and upscale commuter town south of Boston, this business is surrounded by professionals, academics and business people, all target customers for the professional service and private atmosphere being offered at this studio.

The owner has established a very profitable operation with a great location, a full suite of top notch equipment, a consummate staff of professional trainers, and a customer base and reputation that offers the buyer a strong platform to further expand and prosper with this business.

The franchisor is well funded and respected in the industry. They provide the franchise operator with ongoing marketing, business and technical support, as well as a protected territory.

Sales / Financial: Revenues spiked in 2005 and are steady in 2006, ranging from $375,000 to $475,000. The cash flow ranges from $100,000 to $200,000, being totally dependent on the time and energy the owner expends working in the business and on the business.

Facility: The 2,000 SF street front facility has an impressive look and feel and includes three private workout rooms, a cardio area, reception area, two bathrooms, a changing room and an office. The monthly rent is approximately $2,600, plus a share of the taxes and water expenses. The 10 year lease has approximately seven years remaining with a five year renewal option.

Additional: The successful formula developed by the owner in running the operation so profitably will be provided to the buyer as part of an intense two week transition. In addition, the franchisor will provide a full week of training at their corporate
offices at no charge.

General Information

Reason Selling: The owner is selling because he is taking on a senior level ownership position with the franchisor and is unable to devote the time and attention needed to maintain the record setting numbers achieved in 2005.

Number of Employees:
Year Established: 2003