No photo available
Details - Information last confirmed on April 16, 2021
Two (2) profitable Fitness locations (ranked in top 20% of Canadian franchisees - yes, it is a top ranked franchise) on the market in Eastern Ontario, that are poised for expansion and growth – including more member capacity. This franchise/franchisee has a track record of 6+ combined years in business and stands behind a solid reputation in its geographic market, the highest level of membership experience, along with unparalleled customer service.
This internationally recognized, award-winning premier fitness franchise provides full service, boutique fitness offerings and facilities to clients. Currently recognized as the most established and strongest performing fitness franchise across 7 continents, their company value is founded in their intimate customer service, unique facilities, 24-7 access and personal training offerings.
Financials presented are pre-covid financials which is the typical financial performance of this business. Memberships are slightly down (20%) however membership recovery is being realized concurrent with the ramp up of general population vaccination. Memberships have not been frozen during the pandemic and were billed as per normal.
The fitness equipment is in great condition and there is no debt on the balance sheet. Equipment is paid in full. Locations are in excellent high density neighborhoods (affluent). No competition for big box fitness centers such as Movati or Goodlife.
This business is poised to address the post pandemic boom expected in the fitness and health industry. 42% of the North American population has gained weight in the last 12 months. The average weight gain is 28lbs.
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.