Absentee Owned Gym | 200,000 Owners Benefit

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New Cardio and Strength Equipment
Asking Price:
$725,000

Gross Revenue:
$914,298
Cash Flow:
$203,497
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,000
not included in asking price

FF&E:
$665,223
included in asking price

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Business Description

All new cardio and strength equipment.
The gym is located in one of the wealthiest cities in Maryland and is recognized by the community as a generational gym for over 20 years. The customer-oriented business has Five Star Reviews from Yelp and more.

In spite of having virtually no owner oversight and very nominal amount of advertising the business maintains very consistent numbers year after year. Owner operators could easily make $50,000 more.

2017 - Revenue $ 919,620 | Income: $ 205,450
2016 - Revenue $ 921,710 | Income: $ 207,120
2015 - Revenue $ 916,998 | Income: $ 210,500

This business has been well managed -- books are in order, website is fully developed, SEO is strong, scheduling systems are in place, and trainers are excellent.

If you want to get into the growing fitness business and desire a solid, established foundation from which to start, this is an incredible opportunity that won’t last long.

About the Business

Year Established:
1997
Number of Employees:
60
Real Estate:
Leased
Building Sq. Ft.:
14,694
Facilities:
The property is 14,694 square feet and opened in 1997 then was rebranded in 2014.

Common areas include an abundance of striped/asphalt parking and well maintained by the Landlord.
Growth & Expansion:
Owner oversight and additional advertising could easily grow the business.
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About the Sale

Reason For Selling:
Absentee owned. Seller has a second business that consumes all of their time.
Training/Support:
Management and staff are already in place. Staff consist of one General Manager, Personal Training Director, Group Fitness Director and a wealth of talented support staff for sales and training. Owner will provide 4 weeks training at no cost.

Listing Info

ID:
1514927
Ad Detail Views:
92

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Business Listed by

David Didion

American Gym Trader

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U.S. Census Data for Anne Arundel County, MD
Age

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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Anne Arundel County, MD
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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