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Asking Price$124,990
Revenue$822,428 Established1988
Cash FlowUndisclosed Employees2 full, 18 part
FF&E$150,000* FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Full service health clubs that have been providing friendly, personal attention to help members stay fit, active and healthy. All memberships are provided 24/7 club access staffed by a dedicated team of employees. The clubs combine a full range of fitness and exercise equipment and facilities with professional trainers and personally tailored programs. All the hard work has been done with a recurring revenue stream and customer base all without having to pay franchise fees since the clubs are established independent locations with good brand recognition in the area from two close by locations. Great opportunity to recapture and expand sales and income in the expanding fitness industry with an established and well maintained facility and EFT client base. There are currently approx. 1250 EFT members between the two location generating about $44k/mo in recurring revenue. Additionally, the Diet to Go partnership generates $800-$100 a month in commissions. This is a perfect opportunity for someone looking to enter into the health club and fitness center industry or an existing health club looking to expand for less then start up costs.
Facilities:Both centers have a large selection of strength and cardiovascular equipment including: Nautilus, Icarian, Free Motion, Magnum, Hammer Strength, Precor Ellipticals, Life Fitness & Stairmaster Recumbent & Upright Bikes, Stairmaster Climbers, Life Fitness & Nautilus Treadmills. Cardio Theatre Room. Nice Locker Rooms with Dry Heat Saunas, Showers and day use lockers. Available Personal Training and Massage Services. The original fitness center is located in an Industrial Park surrounded by commercial and residential communities. Rate: $17,488/mo Approx. 10,000 sq ft The newest fitness center is located in a mixed use retail setting in a high traffic area. Rate: $28,434/mo Approx. 10,000 sq ft *Landlord may be open to adjusting the lease rate with a new long term tenant.
Competition:Standard competition for the industry and market.
Growth Potential:There is significant opportunity to grow the membership base by creating a sales and marketing strategy for the gym. A new owner could also add new classes, programs, or expand personal training - all of which would dramatically increase revenue. There is also opportunity to hire a massage therapist as there are 2 rooms and currently no massage therapy services offered.
Training/Support:Seller will provide necessary training and support (2-4 weeks).
Seller Financing:Available depending on the final purchase price, terms and qualifications of the buyer.
Sale Reason:Retiring from the industry after 30 years to pursue new job opportunity.
Ad #86975
Seller Reference #HZ260DZ
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Horizon Business Brokers, LLC
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