This Vaughan Group Training Studio is in a brand new 2,600 sq. ft. studio that opened in 2015, and is located amongst several other high-end shops in one of Canada’s fastest growing (and most affluent) communities in the NW GTA.
Not your typical fitness gym, this ultra-modern studio offers sophisticated personal training and daily group boot- camp programs by highly qualified and motivated trainers at affordable prices. And because they get results, their growing membership base is very active and very loyal.
There is a very favourable lease agreement in place until January 2025; with an additional renewal option for another ten years.
This Vaughan Group Training Studio is fully equipped with a plethora of brand-new state-of-the-art training equipment and accessories - currently valued at $120,000.
Although currently breaking-even, there is huge potential for growth with annual revenues expected to surpass $300,000 by 2018; thus matching the current owner’s other (original) mid-town location.
This turn-key opportunity is ideal for a smaller fitness franchise looking to expand or an entrepreneurial personal trainer with interest in becoming a gym owner.
If one were to try to start-up a similar fitness gym from scratch - with zero members – a collective investment in leaseholds, furniture and equipment and operating capital reserves of at least $275,000 would be required
Asking price: $124,500
Maintainable revenue: $150,000
Maintainable normalized earnings: $30,000
FF&E (book value): $120,000
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service
before responding to any ad on our website.