Golds Gym Franchise For Sale

Business description

Wonderful opportunity to own a franchise unit of the Nation's premier fitness center. This 21,000 sq foot facility has been in operation for 12 years and benefits from being centrally located as one of the anchor businesses in local strip mall. This state-of-the-art facility offers an extensive variety of cardio equipment, free weights, resistance machines, a sauna / steam room, tanning beds, locker rooms and a full basketball court. Additional features include group classes, including spin, yoga, pilates, kickboxing, as well as personal training and child care services. Owner has recently invested $40K in improvements to the facility. Owner states that monthly revenues have increased 65% from 2008 and approximately $51K generated each month in EFT from memberships. Additionally, an average of 110 new members have joined during 2009. Enjoy the many benefits of being one of the 600 Gold's Gyms globally including brand recognition and unparalleled advertising support that includes television, radio, print, internet and direct mail marketing. OWNER FINANCING AVAILABLE!

Franchise terms

Available to qualified buyers

Property information

Real Estate:

Lease

Location:

The facility is one of the anchor businesses inside of local strip mall. Location is on a very well traveled road just minutes from local interstate and university.

Premises details:

State-of-the-art facility offering an extensive selection of cardio equipment, free weights, resistance machines, a sauna / steam room, tanning beds, locker rooms and a full basketball court. Additional features include group classes, including spin, yoga, pilates, kickboxing, as well as personal training and child care services. Owner has recently invested $40K in improvements to the facility.

Size in square feet:

21,000

Other information

Expansion potential:

Owner states that monthly revenues have increased 65% from 2008 and approximately $51K generated each month in EFT from memberships. Additionally, an average of 110 new members have joined during 2009. Approximately 500 members utilize personal training services.

Support & training:

General Manager willing to employed through sale; Owner will provide 30 days of transition support and training following sale

Reasons for selling:

Owner is pursuing other business interests

Trading hours:

Mon - Friday, 5 a.m. - 11 p.m
Sat - Sunday, 8 a.m. - 8 p.m.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Furniture / Fixtures value:

$290,000 (included in the asking price)