TURNAROUND OPPORTUNITY: RESTORE KICKBOXING GYM TO GLORY
FRANCHISE FOR SALE IN CHESTERFIELD COUNTY, VIRGINIA
List Price: $1 USD
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Annual Gross Revenue:
$304,000 USD
Annual Net Profit:
Less Than $25,000
Value of Inventory:
Less Than $25,000
Value of Assets:
Less Than $25,000
Business Category:
Health & Fitness
Business Operates From:
A Retail Location
Year Established:
2016
Seasonal Business:
No
1-3 Months
TRANSITION SUPPORT
None
PRICE/TERMS
FLEXIBILITY
Passive
OWNER INVOLVEMENT
SUMMARY
Extraordinary opportunity to own a well-established kickboxing gym under a renowned franchise brand! Located in Midlothian, VA, this turnkey fitness studio is being offered for the unbelievable price of just $1. This gym has a strong 5-year track record of profitability. While the gym is currently facing challenges, it has a solid foundation in place and tremendous growth potential for the right owner. —> The Foundation: * Combat the #1 reason people stop working out - boredom! ILoveKickboxing is a national fitness franchise known for offering the best workout for individuals of all ages & body types. * It’s a turnkey operation with a well-maintained, clean, and fully equipped studio, awaiting an engaged manager to revitalize growth. * Strong members driving $304,000 annual revenue. * Dedicated team of 5 PT instructors & a FT manager to ensure smooth operations. * A robust social media presence and rave reviews set it apart from the competition. * ILKB Midlothian is more than just a gym; it’s a Community built on sweat! —> The Opportunity: Recent membership decline is attributed to external factors, including inflationary impacts and limited owner involvement. Sellers’ full-time jobs leave inadequate time to focus on growth. Ideal for an owner-operator ready to take charge and make a difference. —> * Starting a similar fitness franchise from scratch could cost over $500K. * This opportunity requires only 60 more members to start turning a profit again. * Capitalize on a newly launched digital ad campaign targeting potential members. * Seize the opportunity to grow alongside a rapidly growing local population. * Benefit from the franchisor's support, resources, and credibility as you scale up. * Everything is in place to restart the journey towards profitability. —> With your passion and involvement, you can continue to build a thriving fitness community at ILKB Midlothian! Act now to secure this incredible deal and be the driving force behind its resurgence!
PHOTOS
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FACTS
Part-Time Employees:
1-5
Full-Time Employees:
1-5
Total Employees:
Less Than 10
Timeframe for sale:
Immediate
Total Approx. Monthly Rent:
$5,000/month
VIDEO
DESCRIPTION
DAY-TO-DAY INVOLVEMENT
Owners work 8 Hours per week: includes processing payroll, reporting, banking, bill payment, accounting, and cleaning.
FRANCHISE BRAND ACCOLADES AND AWARDS
I Love Kickboxing is the #1 Groupon fitness deal worldwide! Additionally, it has ranked on the Entrepreneur Magazine Franchise 500 multiple times over the past 10 years since it began franchising in 2012.
ASSET DESCRIPTION
Business comes with all furniture, fixtures, mats, bags, phone & internet equipment, computers and POS system. Total value estimated at $5,000.
INVENTORY DESCRIPTION
Proshop items such as gloves, hand wraps, apparel, and supplements estimated at $2,000.
ADDITIONAL INFO
ILoveKickboxing is based on science and supported by a technology suite that analyzes and tracks members' performance. Members can view how they are progressing toward their goals at each session. ->->-> Workouts are fat-burning and muscle-toning and built on high intensity interval workouts based on professional fighter training accessible for anyone, no matter their skill level, looking to get in shape. ->->-> Corporate is dedicated to helping their franchisees build their businesses. Ongoing support includes meetings, newsletters, online support, co-op advertising, marketing planning, regional advertising, SEO, and more.
BONUS MATERIAL
WHY I LOVE MY FRANCHISE
We want our members to come and get every penny out of their investment so they can get into the best possible shape. It's a community of like minded individuals who are all very supportive of each others' fitness journey. Also love the support that is available from the corporate office. The library of information and staff expertise is invaluable.
REASON FOR SELLING
Not enough time devote to begin growing it again
GROWTH OPPORTUNITIES
The population of the area is solid and growing exponentially. An owner operator can explore many new ways to attract new membership and there are several resources available from the corporate office to identify those opportunities in addition to the digital ad agency that is now promoting the studio.
None
SELLER FINANCING AVAILABLE
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