871 Members! 21-Yr Gym / Fitness Center, Recurring Revenue
Business Description
Premier Fitness Center in Bloomfield, CT
21 Years Strong, Recently Revitalized & Primed for Significant Growth
This is an exceptional opportunity to acquire a well-established and recently upgraded full-service fitness center strategically located in the thriving Bloomfield, Connecticut market. With a 21-year operational history, this facility boasts a substantial and loyal membership base exceeding 1,600 individuals, including over 860 regular monthly paying members and a significant cohort through stable insurance partnerships, ensuring consistent recurring revenue.
Key Investment Highlights:
Secured Insurance-Based Membership: Actively benefits from two established contracts with major insurance providers, contributing over 700 members to the current base and providing a stable, recurring revenue stream.
Established & Respected: Two decades of service to the greater Hartford community, recently rebranded to enhance modern appeal and brand recognition.
Robust Membership & Revenue: Currently serving over 1,600 active members, generating impressive last twelve months (LTM) revenue of $393,502. The center is currently at breakeven, however, it is projected to be profitable in 2025. The facility has a pre-COVID history of supporting over 3,000 paying members, indicating significant capacity for expansion.
Turnkey Operation with Recent Upgrades: Benefit from over $107,000 in recent capital investments (since March 2024), including new state-of-the-art equipment (featuring new saunas and a tanning booth), extensive facility remodeling, and proactive maintenance. This minimizes immediate CAPEX requirements for a new owner.
Prime 10,200 sq ft Facility: Located in a high-visibility area in Bloomfield, CT, serving a diverse and health-conscious demographic. The spacious, modern, and well-equipped setting fosters a positive and motivating atmosphere.
Diverse & Growing Revenue Streams: Beyond strong membership and insurance income, revenue is generated from retail sales, with substantial, clearly defined opportunities to significantly boost revenue through personal training expansion, specialized programs, and other ancillary services.
Positive Financial Trajectory: The business is rapidly approaching breakeven (February 2025 had a profit of $983) and is projected for profitability throughout most of 2025, showcasing a successful turnaround and stabilization.
Experienced Team in Place: A dedicated and skilled team of 19 employees, including management, certified trainers, and instructors, ensures operational continuity and high member satisfaction.
Facility & Offerings:
- This 10,200 sq ft center provides a comprehensive fitness experience with:
- An extensive selection of modern strength training equipment (machines and free weights).
A wide array of cardiovascular machines.
- Dedicated group fitness studios offering a diverse class schedule (e.g., Indoor Cycling, SilverSneakers®, HIIT, Yoga, Zumba®).
- Newly installed saunas and a tanning booth.
- Personal training services.
- Spacious locker rooms with showers and a welcoming reception area.
This is a rare chance to acquire a resilient fitness business with a strong foundation, significant recent improvements, and a clear path to increased profitability. The current groundwork lays the perfect platform for a new owner to leverage the existing assets and expansive growth opportunities in a dynamic and growing industry.
21 Years Strong, Recently Revitalized & Primed for Significant Growth
This is an exceptional opportunity to acquire a well-established and recently upgraded full-service fitness center strategically located in the thriving Bloomfield, Connecticut market. With a 21-year operational history, this facility boasts a substantial and loyal membership base exceeding 1,600 individuals, including over 860 regular monthly paying members and a significant cohort through stable insurance partnerships, ensuring consistent recurring revenue.
Key Investment Highlights:
Secured Insurance-Based Membership: Actively benefits from two established contracts with major insurance providers, contributing over 700 members to the current base and providing a stable, recurring revenue stream.
Established & Respected: Two decades of service to the greater Hartford community, recently rebranded to enhance modern appeal and brand recognition.
Robust Membership & Revenue: Currently serving over 1,600 active members, generating impressive last twelve months (LTM) revenue of $393,502. The center is currently at breakeven, however, it is projected to be profitable in 2025. The facility has a pre-COVID history of supporting over 3,000 paying members, indicating significant capacity for expansion.
Turnkey Operation with Recent Upgrades: Benefit from over $107,000 in recent capital investments (since March 2024), including new state-of-the-art equipment (featuring new saunas and a tanning booth), extensive facility remodeling, and proactive maintenance. This minimizes immediate CAPEX requirements for a new owner.
Prime 10,200 sq ft Facility: Located in a high-visibility area in Bloomfield, CT, serving a diverse and health-conscious demographic. The spacious, modern, and well-equipped setting fosters a positive and motivating atmosphere.
Diverse & Growing Revenue Streams: Beyond strong membership and insurance income, revenue is generated from retail sales, with substantial, clearly defined opportunities to significantly boost revenue through personal training expansion, specialized programs, and other ancillary services.
Positive Financial Trajectory: The business is rapidly approaching breakeven (February 2025 had a profit of $983) and is projected for profitability throughout most of 2025, showcasing a successful turnaround and stabilization.
Experienced Team in Place: A dedicated and skilled team of 19 employees, including management, certified trainers, and instructors, ensures operational continuity and high member satisfaction.
Facility & Offerings:
- This 10,200 sq ft center provides a comprehensive fitness experience with:
- An extensive selection of modern strength training equipment (machines and free weights).
A wide array of cardiovascular machines.
- Dedicated group fitness studios offering a diverse class schedule (e.g., Indoor Cycling, SilverSneakers®, HIIT, Yoga, Zumba®).
- Newly installed saunas and a tanning booth.
- Personal training services.
- Spacious locker rooms with showers and a welcoming reception area.
This is a rare chance to acquire a resilient fitness business with a strong foundation, significant recent improvements, and a clear path to increased profitability. The current groundwork lays the perfect platform for a new owner to leverage the existing assets and expansive growth opportunities in a dynamic and growing industry.
About the Business
- Years in Operation
- 21
- Employees
- 19
- Facilities & Assets
- Acquire a turnkey fitness center with $114,085 in assets! This extensive inventory features diverse cardio (Treadmills, Ellipticals), full strength circuits (Leg Press, Lat Pulldown, Smith Machine), extensive free weights (Squat Racks, Dumbbells to 120lbs), plus premium Saunas & a Tanning Bed. Specialized zones with Sled Turf & Boxing Bags further enhance appeal. This impressive collection significantly reduces your startup costs, allowing immediate operation and catering to all fitness levels with a fully equipped, high-value facility primed for growth.
- Opportunities for Growth
- Abundant Untapped Growth Potential: Numerous actionable strategies are identified to significantly increase membership, revenue, and profitability. These include advanced digital marketing, pursuing additional insurance and corporate partnerships, innovative programming (like "Kids Night Out" and specialized 6-week courses), and enhanced sales processes.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 10,200
- Rent
- $10,085.00 per month
About the Sale
- Seller Motivation
- Owners are set to focus on their rapidly expanding real estate portfolio, which
- Transition Support
- Current owners are offering a 90 day transition included in the asking price.
- Financing Options
- Eliro Inc can help assist buyers with credit scores of 680+ and personal tax returns
Listing Info
- ID
- 2366552
- Listing Views
- 1315
Listing ID: 2366552 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. See our full Terms of Use. Learn how to avoid scams.
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