Unique 5 year established gym. Great community of people and culture

Asking Price$350,000

Cash Flow
$195,500
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

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Unique 5 year established gym. Great community of people and culture


Asking Price$350,000

Cash Flow
$195,500
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
Established Gym & Fitness Center - Merrillville, IN

This unique 5-year established fitness facility presents an exceptional opportunity in Merrillville's growing Lake County market. Operating successfully since 2021, this 7,000 square foot gym has built a loyal community through word-of-mouth referrals alone, demonstrating strong organic growth potential.

Financial Performance:
- Annual Cash Flow (SDE): $195,500
- Asking Price: $350,000
- Currently operates as a self-managing business with absentee ownership
- Stable lease through January 2030 at $9,500/month

Unique Business Features:
- Hand-selected specialized equipment not found in typical commercial gyms
- Striking 76-foot hand-painted mural creating distinctive atmosphere
- Two 16-foot bay doors providing exceptional accessibility
- Prime location with easy access from main thoroughfares
- Exceptional community culture and member loyalty

Competitive Advantage:
- Limited local competition with only a few area gyms
- Differentiates from large commercial chains (Planet Fitness, Anytime Fitness)
- Unique equipment selection and personalized environment
- Strong word-of-mouth reputation in community

Growth Opportunities:
- Capacity for additional 400 members with current infrastructure
- No previous marketing efforts - significant untapped potential
- Established operations allow for immediate expansion initiatives
- Strong foundation for new owner to implement growth strategies

The current owner, relocating to California, built this business from the ground up and remains committed to supporting the transition. This turnkey operation offers an ideal opportunity for an owner-operator or investor to acquire a profitable, established fitness business with significant growth potential in a underserved market.

Exceptional member community, unique positioning, and proven cash flow make this an outstanding investment opportunity.
About the Business
Years in Operation
4
Employees
3 (1 Full-time, 2 Part-time)
Facilities & Assets
This facility has upward toward 70 pieces of gym equipment, many imported from over seas. Close to $200k in equipment alone. The space is right under 7k sq feet with two 16ft garage doors. Has its own parking lot that fills about 40 cars max if you include the space in front of the garage doors. The building is new as it was built in 2020 we were the first tenant. The lease was renewed January 2024 with a 5yr triple net lease.
Website
https://www.ironrailstraining.com
Market Outlook / Competition
There are only a couple gyms in the area, one being Grit fitness the rest are commercial gyms like anytime and planet fitness.
Opportunities for Growth
There is enough room for another 400 members. This gym was never marketed only built off of word of mouth.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
7,000
Rent
$9,500.00 per month
Lease Expiration
1/17/2030
About the Sale
Seller Motivation
I had to move out of state to California. It pains me to sell it but i know some
Transition Support
I will support and be of service however needed. This was my first business and the members are really exceptional people. So however i can help i absolutely will to see it continue to do well.
Listing Info
ID
2414600
Listing Views
45

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Business Listed by: Brandon Beckrich

Listing ID: 2414600 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.