2786 John Hawkins Pkwy Hoover, AL 35244
- Retail properties
- 2,000 SF
Current Use by Public Records
- Retail properties
Property Details for 2786 John Hawkins Pkwy
- Year built
- 2021
- Property size
- 2,000 SF
- Property type
- Retail properties
Description
Own this established, absentee-owned HOTWORX franchise in Hoover, AL. This 2,000 sq ft studio, built in 2021, features 10 infrared saunas and boasts strong sales growth and profitability. Currently generating over $200,000 in annual sales and $51,995 in Seller Discretionary Earnings, this business offers a unique fitness concept with a recurring revenue model. The asking price has been reduced to $150,000. Located in a high-visibility area with convenient access to major roadways and affluent neighborhoods, including Ross Bridge and Bluff Park. The studio benefits from a strong franchisor support system, including consistent marketing and training. The lease has a five-year term with two five-year renewal options, and monthly rent is $4,940. Existing equipment is in excellent condition, minimizing capital expenditures. The current staff is dedicated and in place. Significant upside potential exists through increased membership and additional revenue streams. This is a turnkey opportunity for an owner-operator or an investor seeking a profitable, low-maintenance business. Financial information available upon request. The franchise features a cost-effective marketing strategy and appeals to a wide customer base with convenient and affordable membership options. The business is currently operating at 100% occupancy. The leasehold improvements are valued at $113,365, and the furniture, fixtures, and equipment (FF&E) are valued at $185,794.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hoover
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.8238
- Latitude
- 33.3631
