Well known Gym Franchise - In a great L.A. location for sale

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Downtown Glendale

  • Listing No.: 130-20451

  • Category: Fitness, Franchise/Licensing

Asking Price $150,000
Down Payment
Gross Revenue
Total Adjusted Net Income
Equipment / Fixtures $115,000
Year Established 2020
General Location Downtown Glendale
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This is your opportunity to own a gym that is part of a fast-growing international franchise offering a full-service, premium experience loaded with classes and equipment. The gym is in an ideal location just minutes away from Hollywood and Downtown L.A. With revenue diversity from memberships, retail and personal training, this 3,100 square foot gym has something for everyone. By incorporating different pieces of exercise equipment, workouts are constantly changing and evolving so members will always experience something new.  This is a Brand New Gym Franchise that opened its doors in early 2020. The business was only open for 2.5 months before the Covid-19 Mandatory Shutdown. Pre-covid, the gym had already reached close to 200 members and generated an average of $27,306 per month in revenue.

Gross Revenue Listed Price $150,000
Total Income Down Payment
Base Rent $10,854 Square Feet 3101
Total Rent $12,854 Lease Expiration 01/2024
Rent Deposit $24,436 Lease Options 1 & 5 years
Inventory $5,000 Leasehold Improvements $380,000
Equipment / Fixtures $115,000 Other Assets N/A
Full-Time Employees Training Period two (2) weeks
Part-Time Employees Special License Required
Contract Staff Reason for Selling Other Business Interests

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written ization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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