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Profitable Fitness Gyms In Ontario For Sale

Ottawa, Ontario, Canada
Asking Price:
$1,700,000 (CAD)
Sales Revenue:
$1,319,000 (CAD)
Cash Flow:
$568,000 (CAD)

Two (2) profitable Fitness locations (ranked in top 20% of Canadian franchisees - yes, it is a top ranked franchise) on the market in Eastern Ontario, that are poised for expansion and growth – including more member capacity. This franchise/franchisee has a track record of 6+ combined years in business and stands behind a solid reputation in its geographic market, the highest level of membership experience, along with unparalleled customer service.

This internationally recognized, award-winning premier fitness franchise provides full service, boutique fitness offerings and facilities to clients. Currently recognized as the most established and strongest performing fitness franchise across 7 continents, their company value is founded in their intimate customer service, unique facilities, 24-7 access and personal training offerings.

Financials presented are pre-covid financials which is the typical financial performance of this business. Memberships are slightly down (20%) however membership recovery is being realized concurrent with the ramp up of general population vaccination. Memberships have not been frozen during the pandemic and were billed as per normal.

The fitness equipment is in great condition and there is no debt on the balance sheet. Equipment is paid in full. Locations are in excellent high density neighborhoods (affluent). No competition for big box fitness centers such as Movati or Goodlife.

This business is poised to address the post pandemic boom expected in the fitness and health industry. 42% of the North American population has gained weight in the last 12 months. The average weight gain is 28lbs.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

Great leases with 5 plus 5 renewal options

Leasehold Rent:

$360,000 (CAD) per annum

Premises Details:

Complete fit up was done in both locations. No retrofit required to adhere to franchisor specifications

Business Operation

Expansion Potential:

Another location is available under the agreement with Franchisor

Competition / Market:

No big box fitness competitors nearby as they are in high density centrally located neighborhoods in the city

Reasons for selling:

Business is non core

Employees:
5
Years established:
2015

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

5 years left on terms

Other Information

Support & training:

Owner is will to train and help with transition

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

Seller willing to provide a finite amount of seller financing to a qualified buyer. Terms are to be determined

Furniture / Fixtures value:
$400,000 (CAD)

Contact Seller

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