Employee-managed Franchise Fitness Center poised for growth

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A great place to work, play and earn
Asking Price:
$600,000

Gross Revenue:
$950,000
Cash Flow:
$225,000
EBITDA:
$200,000
Inventory:
$2,500
not included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Very profitable, full-service fitness center for sale stacked with first-class, well-maintained equipment from top manufacturers. The gym boasts several awards and franchise accolades. The club has management in place to run the day-to-day activities. The owner visits as needed. Great opportunity for an owner operator or investor to take over. Franchise training and ongoing support is excellent.
This fitness center is poised for growth. The club can easily serve double the number of members. This montgomery county gym offers great value and growth opportunity due to the area’s high need.
The club is bright, clean and has an open feel that makes it a great place to work, play and earn. Members say there is a sense of community and service in the gym that makes them feel comfortable compared to other competitors.
The club makes $225,000+ cash flow for the current owner. A new owner would put down about $100,000 and earn $150,000+ cash flow after debt-service in its first year. The owner would like to move quickly. Don’t hesitate to contact us by phone or email today.

About the Business

Year Established:
2011
Number of Employees:
20
Real Estate:
Leased
Building Sq. Ft.:
18,000
Lease Rate/Sq. Ft./Yr.:
$6.60
Facilities:
The facilities are kept like new and clean. Plenty of convenient parking. Located around major national tenants.
Market Outlook/
Competition:
The club is in a prime location so there are other competitors in the area. Most competitors don't offer services and value to members that way this club does. The capacity of all competitors combined is estimated to only serve a fraction of the eligible demographic.
Growth & Expansion:
The owner has a list of action items that can increase members. In this case, experience and know-how exceeds the energy or interest level to do it.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Seller can provide training and support for a new owner for up to one year.
Seller Financing:
TBD

Listing Info

ID:
1494430
Ad Detail Views:
27

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Business Listed by

Orlando Rivera, J.D.

ASPIRA Business Brokers & Advisors

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

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

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