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Own your own gym & enjoy proven business support!
Have you ever thought of owning a gym? Here’s your chance!
With 50% down, the seller will finance the balance over three years for a qualified buyer.
The Snap Fitness franchise of Los Altos (955 Fremont Avenue) can be yours. The current owner is choosing to sell at this time in order to enjoy a well-earned retirement, but he will be available for a smooth and seamless transition, short- or long-term.
This location is a strong performer in a prime affluent market that is continuously expanding, both in population and in opportunity, with a high-income demographic to support lucrative one-to-one personal training in addition to basic recurring membership income.
The facility is fully-equipped and up-to-date with a favorable long-term lease available.
The transaction will be the purchase of all the assets—tangible and intangible—of the business, including the transfer of the Snap Fitness franchise.
The asking price is $279,000, buyer will assume the franchise transfer fee; with a 50% down payment seller financing may be available, subject to terms and negotiations between the seller and prospective buyers. The franchisor estimates the cost to start a new franchise could run as high as $530k, depending upon the geographic area and the amount of equipment. This is a chance to acquire a fully-functioning facility with established employees and customers for considerably less than starting from scratch. All reasonable offers will be considered. The buyer will need to meet the franchisor’s qualification requirements: $125,000 liquid assets, $250,000 net worth, $75,000 combined household income.
This is not an offer to sell a franchise which can only be made by the formal Franchise Disclosure Document (FDD). Any transfer of the franchise is subject to approval of the franchisor.
Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made NO independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.