* Included in Asking Price
Turnkey fitness center with 300 enrolled members and full equipment package worth $45,000. The facility is located in Crete, Nebraska, a town of 7,000 with a population of over 309,000 within a 25-mile radius. The gym is currently run absentee with the current owner overseeing monthly bookkeeping and general oversight, however members are issued an electronic key fob allowing them access whenever they desire to work out. This allows the owner, who lives over 20 miles away, to operate the business remotely.
The business has seen very stable profitability generating over $50,000 in owner profit each year. A new owner who would like to increase sales could explore the following growth opportunities: working with local schools to create a student fitness program, partnering with personal trainers by allowing them access to the gym for a fee, or contacting local employers and offering a corporate wellness program.
A buyer placing a 15% down payment of $12,900 on the business would receive a net operating income of $38,677 after all business expenses and bank loans have been paid. This is 300% or three times the money back on the initial down payment of $12,900.
• 3 treadmills
• 3 ellipticals
• 2 recumbent bikes
• 1 stairmaster
• 16 weight machines
• complete set of dumbells 5lbs-100lbs
• power cage
• 4 benches
• 5 medicine balls
• 5 weightlifting bars
• 42 plates
• 300 square feet of rolled rubber flooring
|Growth Potential:||Work with local schools, personal trainers, corporate wellness programs|
|Training/Support:||To be discussed in due diligence; owner available for training as necessary|
|Sale Reason:||Growing Family|
Seller Reference #FIT005
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