“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

Top Rated Fitness Franchise in Lakewood CA

Lakewood, CA

Price: $200,000

Cash Flow: $28,350

Total Sales: $424,500

EBITDA: $28,475

FFE: $242,700

Inventory: N/A *

Year Established: 2013

*not included in asking price.

DESCRIPTION:

This business opportunity is a six-year-old fitness franchise for sale in Lakewood, Orange County, California. The franchise is one of the top global brands in the fitness industry, ranked in the Franchise 500 by Entrepreneur Magazine. Multiple revenue streams from membership fees, personal training and branded merchandise. Clean, modern facility with room for expansion and a large territory that is substantially under-developed. Fully staffed with qualified trainers and appropriate admin support. Priced well below replacement costs as owner has other business interests.

The business is housed in a leased 6,000 sq. ft. facility that is well located. The owner reports that the adjacent space is available for expansion and that the landlord will build it out. All improvements are in good condition and less than 4 years old. The franchisor reports that to open a comparable facility in a new market would require between $750k and $1.45M.
Throughout its operation, the Company has enjoyed a strong reputation, garnering high marks on social media platforms like Yelp and Facebook. The current revenue base at this location is primarily membership fees, though the franchisor indicates that a typical location will have 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.

The franchise territory is a 5-mile radius around the facility, twice the distance of a typical territory for this franchise. It includes Lakewood and parts of Long Beach, Bellflower, Norwalk, Cerritos, Buena Park and North Long Beach. The area is economically and demographically diverse – the franchisor indicates that there are at least 100,000 people within a five-mile radius, with a median household income of $50,000-$75,000.

While the Company does compete with other national and local businesses and sole proprietors providing fitness services, the unique value of the franchise is its ongoing relationship with a major professional sports organization recognized around the world. Their unique approach is based on close collaboration with the athletes and leadership within the sport. By analyzing the training, nutrition and conditioning regimens used by champions in the sport, the franchisor has developed programs focused on functional training, conditioning and technique that are accessible to both fitness enthusiasts and everyday people. Even though there are competitors in this space, no other concept offers this unique combination.

The U.S. fitness industry is exploding, reaching all-time highs in recent years. It is an $87 billion-plus market that serves over 70 million consumers. Boutique fitness centers, like this Company, are the fastest growing segment of the market, and all these trends are expected to continue.

The seller acknowledges that lack of attention to this Company has left its potential unfulfilled. They have another unrelated business that is doing very well and requires their full attention, and they want to move on. The franchisor will provide complete training for the new owner and their key staff, as well as guidance and support through the transition.

LISTING DETAILS:
Total Sales: $424,500
Cash Flow: $28,350
EBITDA: $28,475
FFE Included: Yes
FFE: $242,700
Reason For Sale:

Demands of other business interests.

Training & Support:

The owner can provide transitional managerial training after the sale of the business.

OPERATION:
Year Established: 2013
Employees: 7 full-time and 5 part-time
LOCATION:
Facilities Information:

This fitness franchise is a clean, modern and appealing facility. They offer classes for every fitness level. Whatever a person’s fitness goals, (lose weight, increase strength, sports conditioning), they have daily classes including boxing, kickboxing, functional training, youth programs, Brazilian Jiu-Jitsu & personal training to help one reach those goals.

SUMMARY:
Competition:

Well positioned against competition

Potential Growth:

Excellent prospects

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

Chris Gamble

Phone: 949-481-0253
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