A local Snap Fitness center is for sale. Anyone know the nitty-gritty details of a fitness center?
The basics:
# of members: 700 +/-
Average monthly revenue is $25,000 +/-
The current rent is $4,900
Price $30,000 + transfer fee (assuming this is franchise fee)
They were hesitant to speak to actual net income, fees/costs, and some nitty gritty details. I think they wanted to see proof of financials first. I can't imagine it is a high profit endeavor if the initial costs are so low. Could you even expect to clear $1,000 per month? You can add tanning beds for additional monthly $$$, if you are fitness savvy you can offer training or partner with personal trainers. Snap fitness facilities are mostly self service, there are not attendants. I am assuming that you are leasing the equipment from Snap Fitness or a supplier. There have been a few of these for sale in my semi-local area lately.
The basics:
# of members: 700 +/-
Average monthly revenue is $25,000 +/-
The current rent is $4,900
Price $30,000 + transfer fee (assuming this is franchise fee)
They were hesitant to speak to actual net income, fees/costs, and some nitty gritty details. I think they wanted to see proof of financials first. I can't imagine it is a high profit endeavor if the initial costs are so low. Could you even expect to clear $1,000 per month? You can add tanning beds for additional monthly $$$, if you are fitness savvy you can offer training or partner with personal trainers. Snap fitness facilities are mostly self service, there are not attendants. I am assuming that you are leasing the equipment from Snap Fitness or a supplier. There have been a few of these for sale in my semi-local area lately.