This opportunity consists of two established, franchised fitness studios in the Grand Rapids area. Both locations are in modern, clean facilities located in high-traffic areas of vibrant towns with growing populations and favorable demographics. Membership rebounded strongly following the Covid shutdown in 2020 when the studios broke even. Both quickly returned to profitability and continue to do so on a monthly basis in 2021. The facilities can be bought individually or together.
The co-owners put a motivated staff and team in place that allows them to work passively in the business. They were very involved in the early days building up the culture with high expectations for their trainers, and they have since pulled back and put in place a team to position the studios as turn-key and ready for a new owner with the energy and passion to take things to the next level. They are willing to stay with the new owner to successfully transition both clients and staff.
Year Established: 2017
Average Revenue: $400,000+ and growing
Average SDE: $110,000
Real Estate: leased
Employees: 1 full-time and 9 part-time
Support & Training: Owners are willing to assist the transition
Reason for Selling: Owners focusing on other business opportunities