“Very skillful in overcoming unexpected challenges.”

Zuhair Qazi
President, Sober Clarity


“Vasilis worked tirelessly to maximize the price of my business and helped protect my interest. ”

Robert Gutierrez
CEO, Brightstar Care Thousand Oaks


“CrossRoads accomplished what two other Brokers before couldn’t. Very professional and skilled in negotiations.”

Jeffrey B. Meltzer
President, Universal Hardwood


“Confidence without ego. impressive knowledge and diverse experience. Solid results quickly.”

Steve Traino
President, Candy Direct, Inc.


“Professional and efficient services with timely information flow.”

George Koutures
President, AMBCO Electronics, Inc.


“An unmatched ability to forge a solid alliance between the parties in a win-win approach.”

Dov Lazarus
President, One Stop Undercar


“Highest professional standards in positioning and promoting the sale of my business.”

Jason Moore
President, Alexis Services, Inc.


“In my 30 years in Commercial Banking, CrossRoads ranks among the best.”

Barry Katz
Vice President, SBA Lending Community Bank


“Finding a Buyer for my size business was like finding a needle in a haystack. CrossRoads did it!”

Tafa Jefferson
CEO Amada Senior Care


“Solid selling process that produced results in a tough market. Highly recommended.”

Kitty Meyers
Owner, Synergy HomeCare Inland Empire


“If there are Buyers out there, the CrossRoads process will find them. They did for my business.”

Dan Goodman
CEO, Eilatan, Inc.


“CrossRoads did an impressive job representing my business. They actually do what they say they will!”

Jack Winn
Owner, Jack Winn Salon


“If you are looking to sell your business, Vasilis Georgiou is the choice: The right knowledge and temperament that get results”

Nayda Poblete
President, Home Instead Costa Mesa


“Very efficient and detail oriented approach. CrossRoads made the transaction smooth and handled every step.”

Lolita L. Cruz
Owner, Comfort Keepers Laguna Niguel


“The service went above and beyond. Made the process stress free”

Kelleen Corfield
Buyer, Comfort Keepers Laguna Niguel


“Smooth sales process and transition. CrossRoads’ extensive knowledge and experience was a great help!”

Jim and Yuko Fletcher
Owners, Home Helpers Senior Care, Laguna Hills, CA


“Mr. Georgiou’s professionalism and calm encouragement made all the difference in the world!”

Kelly Dunn & Nancy Bever
Owners, Caring Matters Home Care


“Thank you for all your diligence and hard work! It would not have happened without you!”

Denis Royer
President, Carpet Club


“Informative, honest, steady, professional, and always supportive. Great Guide.”

Mary and Larry Farmer
Owners, Right at Home of Albuquerque


“Diligent, obviously very experienced. Results-oriented.”

Bruce Sobol
CEO, Brentwood Electrical Contractors


“Vasilis and CrossRoads earned my respect and appreciation and I would recommend him to anyone looking for a Business Broker.”

Dane Gibson
Owner, Amada Senior Care of Roseville


“I'm grateful to have found CrossRoads, and I recommend them wholeheartedly.”

Remy C. Rippens
Owner, Clavel Home Care


“Vasilis Georgiou was the ultimate professional throughout the sale of my business. A+ rating for CrossRoads. And I mean it. :)”

Carol Boettcher
Co-Owner, SpeakerPower, Inc


“Vasilis is a Master of the business sale process. He earned his fee many times over. Best move I could have made.”

Brian Oppegaard
Co-Owner, SpeakerPower, Inc.


“Vasilis “talked me off the ledge” several times along the way with his graceful support. I happily recommend him to anyone who wants to sell their business."

Doug Garrett
President and CEO of Garrett Engineers, Inc.


“We highly recommend CrossRoads and Vasilis. You need an experienced and knowledgeable person to guide you and Vasilis Georgiou is that person!"

Bill and Donna Hoover
Owners, Care4You In Home Care


“CrossRoads made the process very comfortable for us despite making a decision of enormous importance."

Jeff and Reem Hufnagel
HWC Yorba Linda


“CrossRoads worked with efficiency and professionalism and I would highly recommend their service."

Scott Kaeser
EVP, UAS, Buyer of CitiGlobal


“Trustworthy, patient, and responsive. We highly recommend CrossRoads."

Michael and Lori Renaud
Acti-Kare


“CrossRoads is an amazing resource. Highly trusted in complicated situations."

Tarun Bhardwaj
Buyer, Acti-Kare


“Produced results very efficiently and timely. We highly recommend CrossRoads."

Tim Hatamian, CEO
Pacific Lighting & Energy Mgmt. Co.

Three Top Rated Franchise Fitness Studios – Minneapolis

Minneapolis, MN

Price: $65,000

Total Sales: $472,404

EBITDA: N/A

FFE: N/A

Inventory: N/A

DESCRIPTION:

Membership: 391

This business opportunity involves the resale of three (3) existing, fully developed, fully operating boutique franchise fitness studios, with collective annualized revenues of $472K and total Active members of 391(based on June 2021 numbers).

All locations are less than two years old, and have active clients paying monthly dues. The Seller acquired them from owners who were under-capitalized and stressed by the pandemic. The locations enjoy a loyal clientele and have a very strong reputation – 5-star ratings on social media platforms like Yelp and Facebook. The current revenue base at these locations is a good mix of membership fees, personal training revenue, and merchandise sales. Membership fees are collected on an automatically recurring basis via credit card and ACH debit.

Even though typical all-in startup costs were around $450K each, the Seller is motivated and will sell at a very attractive valuation. The portfolio can be sold in its entirety or in part.

Studio locations are as follows: Minneapolis.

These Franchise opportunities are differentiated as follows:

• A franchisor who has decades of experience in fitness and franchising.
• They excel in generating strong brand awareness in every market with robust national brand advertising.
• They leverage the best resources available to provide superior franchisee support across every department, including a 100% E-commerce platform.
• Their operational excellence ensures impressive unit-level economics.
• They execute local studio marketing and sales strategies to create community engagement and drive memberships.

LISTING DETAILS:
Total Sales: $472,404
SUMMARY:
Historical Summary:

The right franchise Buyer will inherit:

• Strong brand name recognition.
• An existing member base (as opposed to starting a new studio) and competing effectively for market share in a solidly growing industry in the US.
• Excellent support and outstanding growth potential.
• A fully operational fitness studio, or a collection of studios, at a steep discount.

Competition:

According to a recent IBISWorld Industry Report, the Gym, Health and Fitness Clubs industry has benefited from the health of the broader economy and growth in health-consciousness over most of the five years to 2021. Companies in this industry operate fitness and recreational sports facilities that offer exercise equipment and recreational sports activities for consumers. Some gym, health and fitness clubs have appealed to consumers by offering low-cost memberships with full operational hours. Comparatively, niche studios have appealed to consumers by offering classes with specific workouts or environments. According to 2020 data from International Health, Racquet & Sportsclub Association, the number of health club memberships in the United States increased to 64.2 million members in 2019 (latest data available), illustrating heightened industry demand. Overall, monthly memberships with low cancellation fees have fared well during most of the period.

The number of adults aged 20 to 64, the largest gym-going demographic, has expanded over the past five years, spurring demand for gym memberships. To the industry's detriment, the COVID-19 (coronavirus) pandemic had forced industry operators to temporarily close their doors, hurting industry revenue. Nevertheless, as the pandemic subsides, industry establishments have reopened. Thus, industry revenue has remained stable at $37.0 billion over the five years to 2021, including growth of 7.2% in 2021 alone. However, industry profit has declined during the same period. Growing consumer demand for low-cost monthly memberships has constrained profit for gyms with low member retention rates because this type of business model typically requires a higher volume of subscriptions to generate growth.

Over the next five years, many baby boomers are expected to purchase health club memberships as they grow more health-conscious due to age. Furthermore, many employers subsidize gym memberships for their employees, while parents will likely continue to seek fitness programs for their children as concerns about childhood obesity grow. In addition, increases in both per capita disposable income and consumer spending are expected to boost industry expansion. Additionally, increased participation in sports is expected to bolster demand for industry services, which will likely help drive revenue growth. Industry revenue is expected to grow at 2.7% annually, rising to $42.3 billion by 2026.

Potential Growth:

Growth opportunities include:

• Develop a robust recurring revenue stream.
• Continue expansion by acquiring additional available franchise locations.
• Own an opportunity that can easily be semi-absentee, manager-run.

For more information on this listing, please complete our Non-Disclosure Agreement
CONTACT DEAL OWNER

Vasilis Georgiou

Phone: 949-753-2825
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