Group-Circuit Training/PT Studio for Sale in “The Junction”
This small but highly successful 3,750 sq. ft. cash-cow sits in one of Toronto’s trendiest and fastest growing neighborhoods, and has been operating profitably (with an extremely loyal client base), for almost ten years . With gross revenues in the $100 per sq. ft. range, (and the potential to expand the club’s footprint by an additional 1,650 sq. ft.), it compares favourably (if not outshines) most of the city’s leading club-indie franchise operators – but is available at half the cost. The current owner of this fully-equipped, turn-key operation is re-focusing his business efforts on his successful food & beverage businesses. Consequently, at only $275,000, he has priced this studio to sell quickly. If one were to try and start-up a similar fitness studio from scratch (with zero members), a collective investment in leaseholds, furniture and equipment (and franchise fees) over $500,000 would be required.
High-end PT, Pilates, Yoga & Group Exercise Training Studio for Sale in SW GTA
When we advertise a club as “turn-key”, most often the new owner will still have to (or want to) make some minor facility or equipment upgrades – like a coat of paint or a couple new treadmills. That’s not required for this little gem; which is exquisitely-appointed, finely-finished, clean-as-a-whistle and equipped with the latest cutting-edge fitness equipment. In fact, although it’s been operating for almost 20 years – it still looks as good as new. But perhaps best of all, this very attractive 4,000 sq. ft. high-end fitness studio is located in the downtown, (lakeside) core of one of Canada’s most affluent and desirable cities. Their relatively small (but extremely loyal client base) spends ~$4,000 each on average per year, just to enjoy “the privilege” of working-out here. And with gross revenues in the $70 per sq. ft. range, it punches well above its weight. The current club (and property) owner of this fully-equipped, turn-key operation is currently semi-retired. They would remain as the landlord, but would like to find a new tenant/operator… and become fully-retired. Consequently, they’re only asking $85,000 for this business and all the equipment; and perhaps even more importantly, is willing (and able) to provide some front-end “rent discounts” – in order to give the new operator time to get in and get a solid footing. If one were to try and start-up a similar fitness studio from scratch (with zero members), a collective investment in leaseholds, furniture and equipment (and franchise fees) of at least $350,000 would be required.
Thank you for your potential interest. However, if not personally interested (but you know someone who might be), please note that referral fees are paid to sources that provide prospects whom become buyer(s).