FIRESALE! Profitable Fitness Franchise in Upscale Location in Plano!!

This fitness club is a semi-absentee, premier fitness franchise located in a posh and upscale neighborhood of Plano, TX. This facility strives to provide the best possible workout to its clients on a daily basis. Its family-friendly environment is for anyone who wants to achieve his/her fitness goals – from stressed out college students to retired adults to moms on the go. Its staff strives to bring an awesome workout to everyone that steps through its doors and spare no effort in order to deliver the BEST hour of its client’s day. This business specializes in group fitness classes (boxing, kickboxing, and MMA) and takes pride in providing top-notch personal training services. It has designed each class to push clients to a level that they have never experienced before. The group fitness classes begin with the warmups – a HIIT (high intensity interval training) workout that combines trainer-led boxing with cardio drills and stretches. The next phase is the rounds, where the trainer will lead clients through a series of jab, hook, and cross combinations on the heavy bag. After the rounds, the trainers lead the clients through an ab workout where they use weighted medicine balls to define the core. The sale price includes two paid franchise fees ($99,000) of undeveloped territories in a fast growing area of west Frisco and surrounding area. Qualified buyer will be eligible for discounted rent of only NNN payment for 6 months. The business was established in May 2012; the current owners purchased the business in Oct 2017. The business has grown tremendously over the last 8 years. Although the revenue and profitability dropped in 2020 due to COVID-19 pandemic, the business has rebounded nicely in 2021 as COVID-19 vaccine is administered to general population. The current owners are selling the business to focus on their corporate jobs and would like to handover this business to a new and energetic entrepreneur who can take this business to the next level. The buyer is expected to profit handsomely from this deal. Location: Plano, Texas Year Established: 2012 Number of Employees: 16 Franchise: Yes Real Estate: Leased Building Sq. Ft.: 4,835 Rent: $7,338.00 Per Month Lease Expiration: 5/31/2022 Facilities: This fitness club is housed in a spacious and well-equipped facility located in the prime business district of Plano, TX. The facility has a covered area of 4,835 sq. ft. and monthly rent of $7,338 (includes NNN). The current lease expires in May 2022 but tenant has an option to extend the lease for 5 more years. Qualified buyer will be eligible for discounted rent of only NNN payment for 6 months and then a reduced rent for a negotiated amount of time. Market Outlook/ Competition: Although the fitness industry is competitive, this business has established a tremendous reputation and goodwill among its clients. This franchise has a unique model which is very popular and the members stay longer with this club compared to other fitness centers. Growth & Expansion: The current owner utilizes a digital marketing vendor to help provide some leads for the club, but most of the business comes from existing clients and referrals. There is no marketing plan and no strategy to reach the new corporations that have moved to the area in the last few years. There is a huge potential for growth.