Turnkey Fitness Club
West Des Moines, IA
| Asking Price: | $99,999 |
| Established Year: | 2017 |
Listing ID: 2259276Listing provided by BizBuySell
BUSINESS DESCRIPTION
A true turnkey opportunity priced right! This is a national brand franchise fitness club off a high traffic area located in one of the top 10 fastest growing counties in the nation. Structure was new in 2016 and is located on adjacent high traffic street “University Ave”. Anchor store is popular local restaurant (Barn Town). Current sf rent schedule is locked in through end of lease term at about $4/sf under current market rate. The business is fully staffed with 6 part-time employees and a full-time General Manager. Current estimates to open a single new location for this brand are about 4 times the asking price.
DETAILED INFORMATION
Location
West Des Moines, IA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,790
Lease Expiration
31/05/2027
Employees
7
Facilities
36 heavy bags w/ stand, 36 impact wrap sensors with servers, speed bag, cash wrap, 4 tv monitors, 3 security cameras, retail shelving, and apparel, 2 single use restrooms with showers, 2 complete dumbbell sets with stands, 2 weight lifting benches, 15 suspension body weight training straps, ozone Odor Crusher closet, 2 sets of multiple wall lockers, 2 desktop computers, 1 chromebook, 4 android tablets, complete sound system, 4 benches, beverage cooler, lighted exterior sign, and 2 tables with stools.
Growth & Expansion
Currently experiencing over 15% year over year revenue increase. There is a lot of residential housing in development within a 5 minute radius of the location.
Support & Training
Franchisor provides required training which is $6,000. Seller is willing to negotiate additional training and support.
Reason for Selling
Seller is focusing on primary career.
Franchise
This business is an established franchise
BUSINESS LOCATION
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