Franchise fitness club
Three facts.
- 01
- A 24-hour keycard gym, sold on a 15-hour week.One franchised club of a national fitness brand in metro Phoenix. Members pay monthly dues for round-the-clock access; the seller says the owner's week is 15 hours or less.
- 02
- No manager, three part-time staff, office hours posted as closed.The franchisor's own club page lists no staffed hours, seven days a week. The operating company was registered in 2011; the current owner's tenure dates from 2016.
- 03
- The franchise agreement grants no exclusive territory.The franchisor may place another club nearby, holds a right of first refusal on the sale, and must approve the buyer. Four competing gyms already sit in the trade area.
Two ways to own it.
The manager case prices a 0.38-FTE studio manager at $20,626, sized to the seller's stated 15-hour week; the owner's real hours and pay are undocumented, so the seat is a benchmark, not payroll.
Ranges are our reconstruction of the numbers, on our normalized view of earnings, not the seller's figure. Each band starts at its conservative end.
Two of 7 findings.
+5 more in the full file
Dearer than 56% of 105 similar businesses.
2.3x the seller's SDE; the peer median is 2.1x. Based on asking prices, not completed sales.
Each one written out, with what would soften or close it before an offer.
28 questions answered in plain words, from “What does the business actually do?” to “What to do next”.
Resolved by the desk to a name and an address; the original listing and the broker are in the member file. Why no names?
Written from the conditions and the open checks, in the order we would ask them.
40 things no document we found decides, each with the document that would.
Five-year projections per basis, the downside case, debt cover year by year, and the scenario workbook; the trail: 45 checks for this trade, each with its evidence and status.
The name, the three conditions, the questions for the broker.
Premium is €24.99 a month and opens every file in this edition and the four before it. Cancel any time.
Not ready for the file?
Get next Saturday's five covers by email. Same numbers, same verdicts, no names.
One email a week. The covers only. Unsubscribe in one click.
1,000 listings screened · 7 researched to the end · 5 published · Edition No. 8, 10 October 2026. We have no stake in whether this deal closes.