UNDER CONTRACT!!! Profitable Fitness Franchise! Absentee Owner!

This is a premier fitness franchise located in the posh and upscale neighborhood of McKinney, TX. This business 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 spares no effort in order to deliver the BEST time of its client’s day. When it comes to weight management, good nutrition is vital. This business gives all members access to their own free personal nutrition program to achieve health objectives with daily meal plans, tracking, and community support. The team mentality helps members transform their lifestyle physically and mentally while encouraging community growth and a no-ego attitude. This business was established in Mar 2018; the current owner started this franchise location from scratch. The business has grown tremendously over the last 3 years. Although the revenue and profitability dropped in 2020 due to COVID-19 pandemic, the business has made a nice comeback in 2021 and it is poised to grow even more rapidly in 2022. The current owner is selling the business to pay attention to his corporate job and impending relocation to Florida 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. For buyers who are interested in purchasing a package deal of two locations, please checkout Fairview location at: https://www.bizbuysell.com/Business-Asset/Asset-Sale-Fitness-Franchise-for-Sale-in-Fairview-Absentee-Owner/1921650/ Location: Mckinney, Texas Year Established: 2018 Number of Employees: 5 Real Estate: Leased Building Sq. Ft.: 2,673 Rent: $8,975.00 Per Month Lease Expiration: 4/30/2023 Facilities: The fitness franchise is housed in a spacious and well-equipped facility located in the affluent suburb of McKinney, TX. The facility has a covered area of 2,673 sq. ft. and monthly rent of $8,975 (includes NNN). The current lease expires in Apr 2023 but tenant has two options to extend the lease for 5 more years each. Market Outlook/ Competition: Although fitness industry is competitive, this business has established a great reputation and goodwill among its clients. The franchise has a unique and effective model which is very popular and its members stay longer with the program compared to other gyms. Growth & Expansion: The current owner can't pay much attention to this business due to demanding corporate job. Most of the business comes from existing clients and referrals. A new owner can direct sales and marketing to further increase membership. There is a huge potential for growth in the fitness industry. This business can’t be outsourced.