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Asking Price$62,000
Revenue$75,934 Established2007
Cash FlowUndisclosed Employees1 full, 7 part
FF&E$103,118* FranchiseYes
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Only $15,500 down to join the US’s top 5 franchise system, Anytime Fitness! This gym has been open since 2007 and currently serves 480+ clients who each enter the gym by controlled access. In addition to cardio and strength training, also offered are group classes including Piloxing, Body Pump, Zumba and yoga.

With the 4,600 square-foot gym’s expansive equipment list worth $103,118 including 9 cardio machines, 11 Nautilus Nitro machines, benches, racks, balling ropes and freestanding training bags, an easy growth opportunity would be to partner with personal trainers, allowing them to train in the gym for a fee and referring new members their way. Offering nutrition planning or tanning on a drop-in basis would also allow this gym to increase cash flow and profit to the incoming owner.

There are seven employees: one full-time and six part-time. The current owner manages passively, only overseeing financials and scheduling group class instructors as necessary. This is a must-see for any fitness enthusiast: the value of assets alone is more than the purchase price of the business. A $60,000 renovation took place within the last three years so this gym is turn-key ready!

Reason for Selling: Purchased for Wife
Personnel: 1 Full-Time, 6 Part-Time
Hours: 24-hour controlled access for members; office hours vary based upon owner’s availability
History: 2007
Lease: 4,600 sq. ft.
Support to Buyer: Yes, 45 day transition
Additional Information:

Exercise Equipment

   Cardio – 9 machines: 4 ellipticals, 2 bikes, 4 treadmills w/personal TV screens, water rowing machine, stairmaster
   Nautilus Nitro – 11 machines: Leg extension, seated leg curl, hip abduction/adduction, abdominal, rear delt/pec fly, vertical chest, overhead press, mid row, preacher curl, ventral tricep extension, gravitron pull-up/dip assist
   Nautilus Free Weight Equipment: cable cross-over, lat pulldowns (2), Smith machine, Power Rach (with rack), Olympic Supine Bench (with rack), adjustable abdominal bench, preacher curl, 0-90 adjustable benches (2), flat utility bench, 10-pair dumbbell racks (2), Intek dumbbell sets 5lbs-100lbs, Intek free weight plates: 2.5 lbs (12), 10 lbs (8), 25 lbs (12), 35 lbs (6), 45 lbs (12)
   Other Exercise Equipment: 2 battling ropes, 3 freestanding training bags, 16 aerobic steps each with 4 risers, additional dumbbell sets, standing row, stability balls, medicine balls, exercise mats, bands, jump ropes, 6 kettlebells, 3 sandbells

Additional Equipment
Security system (9 cameras, 16-camera DVR), 2 tanning beds, professional sound system, 3 flatscreen TVs, washer and dryer, computer, office furniture, drink cooler

Intangible Assets
Existing customer base, support from franchise and existing owner, Facebook page with nearly 2,000 check-ins!

$60,000 in renovations

Funding Example
Purchase Price: $62,000
25% Buyer Down Payment: $15,500
10% Seller Financing: $6,200
65% Bank Loan: $40,300
Facilities:4,600 square feet
Growth Potential:Growth opportunities include advertising in the community. Current passive ownership.
Training/Support:45 Days
Seller Financing:Seller is willing to train for 45 days and finance 10% $6,200
Sale Reason:Purchased for Wife
Ad #77776
Seller Reference #FIT001
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Contact This Seller
Cortney Sells
The Firm Business Brokerage
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