Annual Revenue: $2,900,000
Net Cash Flow: $845,000
Location: NYC, NY
Three franchised fitness businesses for sale. The franchised business is one of the top performers in the country with 17% growth from last year. The three locations are located in exclusive areas in Manhattan. The franchise and the locations have a long-track record of growth and profitability along with a strong national brand with multiple revenue streams. Plenty of room for growth both inside and outside of the existing footprint. Low overhead, high margins, established operations and readily accessible labor pool make this an ideal purchase for experienced business owner or someone with high energy looking to own their first business.
Each location has a manager making between $18-$20 per hour (about 20 hours per week) and a percentage of sales. The GM who makes about $100,000 including bonus is responsible for all three locations. Both owners live out of state. Only one owner who lives out of state comes into Manhattan 2-3 times a month to check on the stores. The GM runs the day-to-day operation.
The following projected revenue for 2018 is based on actual numbers through May: $3,127,000 and profit projection is $845,150 with full staff.
It can be run semi-absentee as it is now, or can be run full hands on with additional $100,000 added to the bottom line.