Own your own gym & enjoy proven business support!
Have you ever thought of owning a gym? Here's your chance! Own your own gym & enjoy the proven business support and brand recognition of the thriving, successful nationwide Snap Fitness franchise.
The Snap Fitness of Los Altos can be yours at a fraction of the cost to start “from scratch.” The current owner is available for a smooth and seamless transition, short- or long-term. This facility is in a prime affluent market with a high-income demographic to support lucrative one-to-one personal training in addition to basic membership income.
This Snap Fitness franchise of Los Altos (955 Fremont Avenue) historically generates hundreds of thousands of dollars in annual revenue with a comfortable SDE to the “quarter-time” (10 hours per week) owner-manager, currently about $78,000 annually. A new owner who wanted to spend more “hands-on” time in managing and promoting the business could realize significantly higher financial return.
This location is a strong performer in a prime affluent market that is continuously expanding, both in population and in opportunity, with a high-income demographic to support lucrative one-to-one personal training in addition to basic recurring membership income. (The median per capita annual income in a 3-mile radius is over $200,000; the median net worth is $1.2 million.)
The facility is fully-equipped and up-to-date, with a favorable long-term lease available from a landlord who is also a Snap member.
The current owner is choosing to sell at this time in order to enjoy a well-earned retirement, but he will be available for a smooth and seamless transition, short- or long-term.
The transaction will be the purchase of all the assets of the business, tangible and intangible, including the transfer of the Snap Fitness franchise. (Snap Fitness will require a $10,000 transfer and training fee from the new owner.)
The asking price is $149,900, just under 2X SDE. The buyer will assume the required $10,000 franchise transfer & training fee. By comparison, the franchisor estimates that the cost to start a new franchise could run as high as $530k, depending upon the geographic area and the amount of equipment. This is a chance to acquire a fully-functioning facility with established employees and customers for considerably less than starting from scratch. All reasonable offers will be considered. The buyer will need to meet the franchisor's qualification requirements: $125,000 liquid assets, $250,000 net worth, and $75,000 combined household income.
Updated 2021–2023 financial information will be provided upon inquiry.
This is not an offer to sell a franchise, which can only be made by the formal Franchise Disclosure Document (FDD). Any transfer of the franchise is subject to the approval of the franchisor.
Exclusive Broker: Timothy M. Cunha, J.D.
Note: All data on this business is provided by the Seller for informational purposes only, and no representations are made by the Broker as to accuracy. The Broker has made NO independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.
