• Fitness2
  • Tue, Jul 11 2017
  • Legacy M&A Completes Successful Buy-side Engagement on Sale of Local 24-Hour Fitness Franchise

    Engagement on Sale of Local 24-Hour Fitness Franchise

    Waxhaw, NC---On June 29, 2017, John and Lana Lamkin completed their successful acquisition of Snap Fitness-Waxhaw from Tripp and Elyse Drawdy.  Legacy M&A Advisor Andrew R. Holtgrewe (Andy), CPA, CBI represented the Lamkins in the transaction.

    Established in 2008, Snap Fitness-Waxhaw has offered residents of Union County a clean, reliable, and safe 24-hour fitness option for nearly a decade.

    “John and I are thrilled to take over Snap Fitness from the Drawdys,” states Lana Lamkin, new Co-Owner and Managing Director.  “Our goal is to continue to focus on our valued customers and to provide an atmosphere that is both welcoming and conducive to helping our clients meet and exceed their fitness objectives.”

    Lana, an American Council on Exercise Certified Personal Trainer and Fitness Nutrition Specialist, will be adding the responsibilities of managing the day-to-day operations of the gym to her continuing personal training role.

    “Andy’s assistance throughout this process was invaluable,” says new Co-Owner John Lamkin.  “I can’t imagine having been able to accomplish this purchase without his help.”

    Snap Fitness Waxhaw is located at 3913 Providence Road S, Waxhaw, NC 28173 and is open 24 hours a day.

    About Legacy Mergers & Acquistions

    With offices in Charlotte, NC, Greenville, SC, Kansas City, MO, Legacy Mergers & Acquisitions specializes in a holistic approach to M&A transaction advisory, offering services ranging from Business and Franchise Sales, Business Valuation, Certified Machinery & Equipment Appraisals, Exit Planning, and Buyer Representation.

    Please visit our website at www.legacymergers.com

    About Andrew R. Holtgrewe, CPA, CBI

    A North Carolina Certified Public Accountant since 1998 and Certified Business Intermediary since 2016, Andrew services Main Street and lower-middle market clients throughout Virginia, North Carolina, and South Carolina.  He resides in Waxhaw, NC with his wife Monica, daughter Samantha, and son Alexander.  Andrew can be reached at [email protected] or (919) 924-8100.