Personal Training & Fitness Business For Sale
Great Location, Close to Boston
Middlesex County, Massachusetts
Listing ID: 1264
Financial Information
Asking: $289,000
Gross: 395,000Cash Flow: $96,000
Summary Description
A successful and profitable franchise exercise and nutrition business is available for sale! This business is well-established with high brand recognition and locations throughout the country. This location has established clientele and sales that have continued to increase year over year. 2009 revenues were almost $400,000 and the owner’s income was $96,000, working only 35 hours per week! The business provides comprehensive personal training, cardiovascular training and nutrition counseling services. They have over 70 active clients and their retention rate is 80-85%. The business is also adding electronic funds transfer, allowing for easier payment of sessions for the clients and ensuring revenue for the club. The business is located close to Boston in a well-trafficked area full of working professionals and graduate students. There is very little competition nearby and they do not provide the same level of service offered at this club. The franchise is well-established and could be purchased by someone with or without industry experience. The current owner spends a small amount of time doing personal training with clients and focuses mainly on day-to-day operations of the club. The franchise will provide comprehensive training and support for a new buyer.
General Information
Facilities: The business occupies 1,500 sq ft of space which includes: waiting room/cardio room in front, two separate personal training spaces, owner’s office, bathroom/changing room. $4,698 per month and includes five parking spaces, electricity and high speed internet. The owner believes that the landlord will negotiate a new, long-term lease with the buyer.
Growth and Expansion: The business could increase revenue by $1,200-1,500 monthly by promoting the nutrition program more aggressively. They could promote the program online, in local papers, Google search and on the radio. They could provide specials for first time members and then also try to sell them personal training packages when they come in for the nutrition counseling.
Support/Training: The owner and the franchise will offer the necessary support and training, however the business is fairly turn-key.
Reason Selling: Focus on other business.
Year Established: 2004
Employees: 5
Contact Information
Contact: Sarah Gudema
Phone: 617-562-5700
BayState Business Brokers, 60 Leo Birmingham Parkway Suite 1L Boston, MA 02135
T: 617-562-5700, F: 617-562-5701
info@mabusinessbrokers.com