Real Estate Deals get completed at illuminate gym
January 05, 2010 // Franchising.com // DENVER — illuminate gym, affordable personal training featuring unique High Oxygen Training (HOT), announcing publicly that as a company they have finished 2 real estate deals on new illuminate gyms in the state of Colorado. What makes these deals so incredible is the leverage that illuminate gym has been able to generate with new franchisees.
"It's a sign of the times. The economy has been down for the last couple of years and because of this we are having great success in negotiating some pretty amazing real estate deals," CEO and founder David Sedbrook said. illuminate gym has a real estate team in place that helps franchisees locate future sites and negotiate lease terms. This powerful combination of people have proved to be a powerful source for upcoming franchise owners as currently they have negotiated leases as low as 1/6 of the original asking price of the landlord. "Now is a great time to invest in a business because almost everyone is willing to make a deal. I look at business like the stock market. You're always going to find more profit when the market is down a bit compared to when it's at its peak. Just think of the future opportunity our franchisees will have because they are signing 5 and 10 year leases today in our current market. They are getting better deals than we were 5 years ago," David Sedbrook said.
illuminate gym has plans to have at least 4 facilities open in the state of Colorado during 2010.