Turnkey Resale Opportunity in West Bloomfield, MI
CONFIDENTIAL RE-SALE OPPORTUNITY • Conveniently located in a well-known, high traffic commercial plaza with plenty of parking, this gym features a very professional design and look, well maintained equipment and a well trained staff •
Check out this awesome short video to get a feel for the biz
• Please complete the NDA at https://bit.ly/3nO3cPU and email to JoshT@franworth.com •
Reason for selling: Owners have relocated out of state
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Currently over 50 paying members
• 5 staff | Unit is ~ 1,750 square feet | Workout space is ~860 square feet • DISCOUNTED additional franchise licenses available with purchase of the open unit or separately. PLEASE INQUIRE FOR MORE DETAILS • *Asking price is $205,000, 60% down with the balance paid in equal installments over 12 months
West Bloomfield, MI
$123,000 down*
Members and Team
Exterior
Interior and Members
Exterior
Interior and Lobby
Interior and Rowers
Interior and Retail
Business Model Characteristics: ●
Studios can be run by a manager
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Synergy with multiple units
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Flexible time commitment by owner
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Recurring revenue model
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Power of memberships
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Few employees
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Great ROI opportunity
Your Role: ●
Hire manager to run day-to-day operations
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Leave class training to your team
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Work behind the scene running the business side of your business: ○
Staffing
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Marketing
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Financial
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Training and education
FOUNDER’S STORY
“I started CITYROW because I knew there had to be a better way to workout” -HELAINE KNAPP CEO & FOUNDER I was a group fitness addict who never saw results, and started suffering from lower back pain. I found rowing because I was looking for something that was high intensity, but also low impact. The row machine is THE MOST EFFECTIVE stationary cardio machine on the market, but it needed an overhaul to make it sexy, accessible and fun for general fitness consumers. Thus, CITYROW was born.
TRAINING, TECHNOLOGY & SUPPORT
A new machine and immersive app inviting more clients into the CITYROW brand by delivering the CITYROW experience to anyone, anywhere anytime.
CONFIDENTIAL | MORE DETAILS
Ideal Candidate Wants to own a business that inspires and empowers
Connected in the community (sales/marketing experience a plus, but not necessary) Enjoys creating and building community Enjoys fitness is a plus, but not necessary $175,000+ in liquidity
There are opportunities to build additional studios. Please inquire!
Questions? Let’s connect!
Josh Titler Franchise Development Franworth | CITYROW
Call: 734-412-7220 Email: JoshT@franworth.com
THANK YOU