Small Town Established 24/7 Gym For Sale
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SMALL TOWN ESTABLISHED 24/7 GYM FOR SALE
Established fitness center in Elwood, IN offering exceptional opportunity in the thriving health and wellness industry. This profitable 24/7 gym has built strong community ties since opening in 2021, generating $48,000 in annual revenue with excellent membership retention.
BUSINESS OVERVIEW:
- 3000 sq ft facility with high-quality equipment valued at $25,000
- 24/7 access model serving multiple surrounding communities
- Highly visible location with easy accessibility
- Strong, dedicated membership base with proven community support
- Profitable operations with established revenue history
FINANCIAL HIGHLIGHTS:
- Annual Revenue: $48,000
- Asking Price: $45,000 (0.94x revenue multiple)
- Monthly Lease: $1,100 ($0.37/sq ft)
- Lease Term: Expires April 1, 2027
- FF&E Included: $25,000
COMPETITIVE ADVANTAGES:
- Unique program offerings not available at competing facility
- Strategic location serving multiple communities
- 24/7 access convenience
- Strong community relationships and member loyalty
- Established operational systems including key fob access
GROWTH OPPORTUNITIES:
- Potential to acquire owner's second gym location
- Expansion into fitness classes and specialized programs
- Membership growth potential in underserved market
- Additional revenue streams through personal training or nutrition services
OWNER SUPPORT:
- Comprehensive transition assistance included
- Financial records and membership transfer support
- Key fob system training and operational guidance
- Community-focused owners committed to smooth transition
This turnkey operation represents an excellent entry point into the fitness industry with immediate cash flow and significant growth potential. The retiring owners have built a solid foundation in a supportive community market.
Ideal for fitness enthusiasts or investors seeking a profitable, established business with expansion possibilities in Indiana's growing wellness sector.
Established fitness center in Elwood, IN offering exceptional opportunity in the thriving health and wellness industry. This profitable 24/7 gym has built strong community ties since opening in 2021, generating $48,000 in annual revenue with excellent membership retention.
BUSINESS OVERVIEW:
- 3000 sq ft facility with high-quality equipment valued at $25,000
- 24/7 access model serving multiple surrounding communities
- Highly visible location with easy accessibility
- Strong, dedicated membership base with proven community support
- Profitable operations with established revenue history
FINANCIAL HIGHLIGHTS:
- Annual Revenue: $48,000
- Asking Price: $45,000 (0.94x revenue multiple)
- Monthly Lease: $1,100 ($0.37/sq ft)
- Lease Term: Expires April 1, 2027
- FF&E Included: $25,000
COMPETITIVE ADVANTAGES:
- Unique program offerings not available at competing facility
- Strategic location serving multiple communities
- 24/7 access convenience
- Strong community relationships and member loyalty
- Established operational systems including key fob access
GROWTH OPPORTUNITIES:
- Potential to acquire owner's second gym location
- Expansion into fitness classes and specialized programs
- Membership growth potential in underserved market
- Additional revenue streams through personal training or nutrition services
OWNER SUPPORT:
- Comprehensive transition assistance included
- Financial records and membership transfer support
- Key fob system training and operational guidance
- Community-focused owners committed to smooth transition
This turnkey operation represents an excellent entry point into the fitness industry with immediate cash flow and significant growth potential. The retiring owners have built a solid foundation in a supportive community market.
Ideal for fitness enthusiasts or investors seeking a profitable, established business with expansion possibilities in Indiana's growing wellness sector.
About the Business
- Years in Operation
- 5
- Employees
- Current employees are family members that help the business.
- Facilities & Assets
- Full service gym, owner retiring. Current membership of approximately 160 members. Memberships fluctuate between 150 and 225 members. Profitable gym. The facilities are leased, approximately 3000SF. The gym has all equipment needed, including treadmills, ellipticals, stair climber, bikes, 10 StarTrac weight machines, 2 smith machines multiple benches and a wide array of free weights (Dumbbells, plates, bars). Gym has a very simple fob system for 24/7 access and security cameras in place. This is a ready to go, profitable business for the right owner.
- Website
- https://www.facebook.com/phifersfitness/
- Market Outlook / Competition
- Since opening, the owners have experienced a wonderful embrace by the community. Many long-time dedicated members. There is another gym, but they do not offer some of the programs that we currently have in place. Additionally, the location allows easy access for our facility from multiple different communities/towns that are close by.
- Opportunities for Growth
- The owners currently have 2 gyms and are looking to retire. Growth opportunities would exist in the future to acquire both gyms if interested. Additionally, for the right person, the gym could expand into offering classes and truly grow well beyond the current memberships.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,000
- Rent
- $1,100.00 per month
- Lease Expiration
- 4/1/2027
About the Sale
- Seller Motivation
- Owner is retiring, currently selling gym, will be selling 2nd location soon.
- Transition Support
- Current owners will be more than happy to help with a transition plan, including review of financial, membership transition, key fob system, etc. Owners very invested in the community and willing to ensure a smooth transition for all the current gym members.
Listing Info
- ID
- 2528448
- Listing Views
- 11
Business Location
Listing ID: 2528448 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.
Businesses for SaleIndiana Businesses for SaleIndiana Health & Medical Businesses for SaleIndiana Health Clubs, Gyms & Fitness Center Businesses for Sale
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