Chicago - Fox Lake LISTING #: 17467
This highly profitable gym is a full service training center that specializes in strength & conditioning for athletes, individuals and groups of all ages and fitness levels. Founded in 2010, this turnkey business has established a loyal customer following with 90% of revenues coming from recurring monthly membership subscriptions and the business continues to thrive in 2017 with 3 years of consecutive YOY net profit growth.
This business can be operated with minimal owner involvement as the seller employs 30 employees that handle the majority of daily operations, which makes this a perfect fit for anyone with general business experience as prior experience is not required.
With a proven 7 year track record of strong cash flows and 75% gross profit margins, this business includes a highly valuable base of recurring monthly subscription revenues and is well positioned for continued growth moving forward. $55K worth of FF&E is included with the asking price. This business is the definition of a turnkey operation and with a proven track record of strong cash flows, 75% gross profit margins and 3 years of consecutive YOY net profit growth, this high quality acquisition opportunity offers a very clear path to a substantial return on investment.
|5 FT 25 PT|
Office: LBB Chicago
Property Leased: Yes
Monthly Rent: $6,900
FF&E Included: $50,000
Real Estate Included: No
Building Size: 15000 sq ft
Hours of Operation: Monday - Sunday
Reason for Selling: Focusing on unrelated business