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HITT Fitness Franchise Primed for Growth

Chapel Hill, NC
High Tech Training Space
Asking Price:$190,000
Established Year:2020
Rent:$11,536/Month
Listing ID: 2301255Listing provided by BizBuySell
BUSINESS DESCRIPTION

Fully operational fitness studio in a high visibility high-end retail center which includes Whole Foods and other well-related co-tenancy. Business has established an excellent community/customer reputation, good membership base and dedicated well trained staff since opening in 2020. Delivering personal training centered HITT style fitness emphasizing low impact safe training in a motivating environment that incorporates a lot of modern technology to provide metrics and deliver results through in-person trainer-led sessions, in studio self-led sessions as well as virtual at home formats (for more info see www.eatthefrogfitness.com) Current owners are looking for someone passionate about changing customer's lives through fitness to take the business to the next level.

DETAILED INFORMATION
Location
Chapel Hill, NC
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,874
Lease Expiration
01/05/2030
Employees
4
Facilities
Newly upfit in 2020 for fitness use including new 2 zone HVAC system with UV air disinfection system, LED lighting and tank-less hot water systems for cost efficiency. Also included with sale is all fitness and AV equipment required to deliver franchise services and in addition, extra amenity services such as a free weight lifting station, cardio-boxing bags/gloves, red-light sauna and steam. Six years left on ten year lease with rights to renew.
Competition
Located in a high growth housing and retail district of a well-healed, highly educated community. Competition for fitness services is strong and customers have a lot of choices. However, the product service concept is proven and produces the results customers want versus other fitness trends/fads or approaches. It provides a unique opportunity to make 1-on-1 customer connections and help them make progress towards results and it thus suitable anyone irrespective of fitness level or age/sex demographic.
Growth & Expansion
Several large commercial housing and re-vamped retail areas with-in the 1-3 mile service area are opening in the next year provide an opportunity for studio membership growth in addition to the yearly influx of new highly educated health minded potential customers moving for work or advanced professional educational training. There is also a ground floor opportunity for grow as part of Eat The Frog Fitness, a young and growing franchised fitness concept.
Support & Training
Operating owners willing to stay-on for a negotiated period to facilitate a smooth transfer of operations, knowhow, and introduction to membership. Strong ongoing franchisor support team for all ongoing sales and operational support and good established vendor relations.
Reason for Selling
Principle owner retiring
Franchise
This business is an established franchise
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Darrick Fu
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Darrick Fu
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