This Vaughan Group Training Studio is in a brand new 2,600 sq. ft. studio that opened in 2015, and is located amongst several other high-end shops in one of Canada’s fastest growing (and most affluent) communities in the NW GTA.
Not your typical fitness gym, this ultra-modern studio offers sophisticated personal training and daily group boot- camp programs by highly qualified and motivated trainers at affordable prices. And because they get results, their growing membership base is very active and very loyal.
There is a very favourable lease agreement in place until January 2025; with an additional renewal option for another ten years.
This Vaughan Group Training Studio is fully equipped with a plethora of brand-new state-of-the-art training equipment and accessories - currently valued at $120,000.
Although currently breaking-even, there is huge potential for growth with annual revenues expected to surpass $300,000 by 2018; thus matching the current owner’s other (original) mid-town location.
This turn-key opportunity is ideal for a smaller fitness franchise looking to expand or an entrepreneurial personal trainer with interest in becoming a gym owner.
If one were to try to start-up a similar fitness gym from scratch - with zero members – a collective investment in leaseholds, furniture and equipment and operating capital reserves of at least $275,000 would be required
Asking price: $124,500
Maintainable revenue: $150,000
Maintainable normalized earnings: $30,000
FF&E (book value): $120,000
Asking Price $99,081
Converted From CAD
Exchange Rate $0.80
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