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Georgia Business For Sale

 

ARE YOU FIT ENOUGH 2 OWN A 24 HOUR GYM


Attn: LOREN MARC SCHMERLER
Smyrna, GA, USA
Listing Number: "10400706"
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Asking Price: $165,000 USD USA Dollars
Business for Sale Industry: Recreation: Sports, Exercise, Gyms
Reason for Selling: The business is under capitalized and the owners
Year Established: 2008
# of Employees: 2 owners plus independent contractors



Business for Sale Overview:
Are You Fit Enough 2 Own A 24 Hour Gym With Built In Personal Trainers. Exercise is the rage as the population starts to age and the baby boomers want to stay young. But everyone has a busy schedule and cannot always fit a workout into normal working hours. Thus the concept of the 24 hour gym was born. Men and women, with or without a personal trainer, can work out 24 hours a day, 7 days a week. Each member is given an electronic key which registers time of entry and departure. There is a video monitoring system that tapes each day's events. If you wish, you can have the monitoring modified to operate remotely so you can check in from your home. There are roughly 80 members paying on a membership or monthly basis. Memberships are normally $29 per month. Monthly members pay more. The franchiser will train you for 1 week at its home office and be available by phone thereafter.

Property Features and Assets:
4,000 square feet of packed equipment with a snack bar, shower and massage room along a heavily traveled road. Rent is $6,300 per month. 4 plus years remaining on lease. $68,000 in equipment is leased for roughly $1,500 per month.

Market Competition and Expansion:
Competition: While there are many gyms, the 24 hour concept is catching on and gaining in popularity. Growth and Expansion: A great way to promote the business is to rent spots at the local multiplex. A year's worth of advertising can be obtained for roughly $5,000, and the franchiser already has a commercial that can be modified by location.


Additional Details:
  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • The owner is willing to work for the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise opportunity.
  • This is not a distressed business or bankruptcy situation.

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