Fabulous Gym with 1600 members + Real Estate + Motivated Seller
Health and Medical - Health Clubs and Spas | Entertainment and Leisure - Sports Teams and Facilities
| Asking Price: | $2,500,000 | Inventory: | $2,000 ++ |
| Gross Revenue: | $820,000 | Real Estate: | $2,150,000 ++ |
| Cash Flow: | $111,000 (comments below) | FF&E: | $315,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Cash Flow Comments: Discretionary Earnings | |||
This gym is fabulous! It has high quality equipment, a spacious and clean environment, a great staff, a wide variety of health and fitness options, a full schedule of events and classes for the full range of ages and fitness levels. Membership has grown over 10% in the past year. This is a great opportunity for someone with management experience and an entrepreneurial spirit.
About the Business
Year Established:1985
Employees:2 full time - 45 part time
Facilities:This gym has 28,000 square feet, which includes a pool, basketball courts, racquetball and squash courts, aerobics studio, weightlifting room, and offices. The building is 25 years old, has been well-maintained inside and out. Plenty of parking!
Market Outlook and Competition:The gym has an excellent location with great visibility and access. The gym has had greater membership in the past. An improving economy will bring back many of them. Focused marketing could also have a significant positive impact.
About the Sale
Management Training and Support:Up to One Month As Necessary
Reason For Selling:Owner is under-capitalized.
Seller Financing:Yes, seller financing is available
KEYWORDS: Health, Fitness, Gym, Colorado
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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