Fitness Franchise In Chicago NW Suburbs For Sale

Business description

This fitness business is also considered a wellness center that was founded in 1996 by a fitness leader and is built on three main foundations: strong corporate support, proven operating systems, and excellent leaders. This is a great business located in NW suburban Chicago and is one of more than 400 studio locations of its kind all across the United States and in 4 other countries, with over 150 more scheduled to open soon. This makes this the largest personal training organizations in the world. This fitness business specializes in one-on-one personal training in private training suites and is responsible for employing over 3,000 personal trainers who train over 20,000 clients every week. Because of the growing demand for fitness professionals, employment is expected to increase 27% or more in the next eight years. U.S. Bureau of Labor Statistics label the 27% growth category as being “much faster than the average” as compared to all other industries it tracks. This business could be owned/managed by a fitness coordinator who is not a fitness trainer or it could be owned/managed by a fitness trainer who also happens to be the owner.

Property information

Real Estate:

Lease

Lease terms:

Base Rent; R.E. Taxes; C.A.M. is approx $3,117/Month, Expires 6/2014 (including options), Store Size is approx 1,396 Sq.Ft., Plenty of parking.

Leasehold rent:

$3,117 per annum

Location:

High traffic and high population.

Premises details:

Base Rent; R.E. Taxes; C.A.M. is approx $3,117/Month, Expires 6/2014 (including options), Store Size is approx 1,396 Sq.Ft., Plenty of parking.

Size in square feet:

1,396

Other information

Expansion potential:

Very good growth opportunity with baby boomers aging and health a number 1 issue. This is the most well known franchise of this type.

Support & training:

Yes, the seller is happy to provide as much training as needed and as agreed during the purchase process.

Reasons for selling:

To manage his other businesses and devote time to his young family.

Trading hours:

6:00AM - 9:00PM M-F, 6:00AM - 3:00PM Saturday. By appointment Sunday.

Financing available:

Seller may discuss some financing with a very-very qualified and experienced buyer (s).

Furniture / Fixtures value:

$25,000

Inventory / Stock value:

$500