Well Established Fitness Center
| Asking Price: | $199,000 | Inventory: | $4,000 ++ |
| Gross Revenue: | $242,500 | Real Estate: | n/a |
| Cash Flow: | $78,703 | FF&E: | $130,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
The owner has recently drastically reduced the price of this fitness center making it an extremely attractive purchase. The fitness industry continues to benefit from a health and weight conscious nation and the industry is projected to grow by 25% over the next two years. This well established fitness center has been in businesses for 15 years and provides its members of all fitness levels to complete their exercise routines with its free weights, circuit training and cardio equipment. Additional services include personal trainers, a ladies only fitness room, tanning, protein shakes and locker rooms. This center has very loyal cliental and currently has active membership of about 630 members. The center is fully equipped with well maintained equipment and is a turnkey operation. This makes it a fantastic opportunity for an owner operator with an entrepreneurial spirit.
About the Business
Year Established:1995
Employees:2 part time
Facilities:The facility is approximately 13,500 square feet of space on a main thoroughfare. The center has a check-in counter, a large area for its cardio, circuit training and free weights, a separate ladies only fitness room, a tanning salon, men and women’s locker rooms and an additional space that could be used for fitness classes. The building that the center is located in can also be purchased separately and has additional 1,700 square feet of space that is leased to others retail businesses.
Market Outlook and Competition:There are many avenues for growth of the business. The owner is not currently marketing the business or having membership drives. A new owner should be able to increase membership through a variety of marketing initiatives. The last time the owner had a membership drive it was very successful. The addition of fitness classes, yoga classes, massage and retail merchandising could add ancillary revenue streams to further boost the cash flow of the center.
About the Sale
Management Training and Support:The seller will provide transitional training and support. Also, since the seller will also be the center’s ongoing landlord, the seller will have a vested interest in the ongoing success of the center and will be available long-term to help the buyer.
Reason For Selling:Other business interests.
KEYWORDS: gym, fitness, club, tan
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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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