Details - Information last confirmed on June 22, 2021
Franchised Fitness Center in fast growing Rock Hill, South Carolina, newly refurbished during Covid with state-of-the-art equipment. As with my gyms, 2020 was a challenging year but this business managed to make a healthy profit despite a decline in monthly subscriptions. At its peak, pre-Covid, the business had 1,600 monthly memberships. After falling to 1,200 memberships during the pandemic, memberships are on the rise again, approaching 1,400. Also, during the last year personal training was severely impacted by restrictions placed on gyms. A new owner and loosening restrictions will allow for a much more robust pick up in this area.
During the last year, the owner closed for several weeks and used that time to refresh and refurbish the entire space and equipment. The center shows extremely well and must be seen to be appreciated.
All equipment and inventory are included in sale. In addition, an owner/operator would save approximately $40,000 on managers salary.
There is also an opportunity to open a second location that does not conflict with the proximity radius of the existing location is approved by the franchisor.
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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.