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Profitable and Growing National Fitness Franchise in Philadelphia, PA

Listing No: 993759 | Category: Fitness | City: Philadelphia | County: Philadelphia | State/Prov: Pennsylvania

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Business Description

This is a great opportunity to purchase a growing and profitable national fitness franchise center in a vibrant and growing neighborhood in Philadelphia. This one-of-a-kind location is on the 2nd floor of a renovated brick elevator factory which has luxury apartment units on site. Sales at this club were up over 30% in 2018 and are expected to grow 25%+ in 2019! The seller is confident in the future of this business and is willing to offer a seller's note to assist with downpayment, and is flexible with terms to facilitate a quick close. Additionally, the landlord is willing to work with a new owner to tailor a lease to accommodate a lender's loan term requirements. This newer center has modern strength and cardio equipment, all of which is generously included in the purchase price. There is opportunity for a new owner to take this club to the next level by continuing to grow both membership and personal training revenue streams. Contact us now to learn more about joining one of the largest fitness franchises!
  • Inventory: $0
  • FF & E: $125,000
  • Lease Total/month: $8,420
    • 01) Base Rent/month: $7,774
    • 02) Triple Net/month: N/A
      • 2a) Maintenance/month: $0
      • 2b) Insurance/month: $0
      • 2c) Property Taxes/month: $0
    • 03) Sales Taxes/month: $0
    • 04) Other (etc.)/month: $0
  • Square Footage: 5,600
  • Building Type: Brick, 2nd floor of renovated old elevator factory building which also contains luxury apartment homes
  • Terms & Options: 5 year base term; (2) 5 year renewal terms; total 15 years; Expiration Date: 10/31/2021


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