Business for Sale Overview:
This is a personal training and fitness business located in an upscale area of Tampa Bay. Revenues have grown and discretionary earnings reached $101,502. This is not the typical gym with thousands of members who pump iron, work out on machines, or attend aerobic classes whenever they want too. Members come to the gym by appointment during pre-scheduled sessions to train with the owner or one of his two independent contractor trainers. Approximately 90% of the revenues are generated from fitness training, while 10% are generated from message therapy. One of the independent contractor trainers is a certified message therapist. The gym is well-equipped with free-weights, strength training machines and cardio equipment. Included are treadmills, elliptical, reecumbent, upright cycle, leg curl, leg press, leg extension, crossover cable, cable row, lat pull down, chin/dip station, multi-hip station, crunch machines, Smith machine, adjustable benches, T-bar row and seated calf raise machines. Free weights go up to 150 lbs., and plates go up to 45lbs. along with a complete set of bars and dumbbell racks. The owner estimates the equipment value at $150,000. The set of Globe dumbbells are owned personally by the seller and are not included in the sale price. In addition, leasehold improvements are estimated at $45,000. Priced to sell! The owner is willing to finance $55,000 of the purchase price. This is a great opportunity for the right qualified buyer who wants to maximize their investment dollars in a successful small business entity.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The gym is located in a small strip shopping center on a major commercial street in an upscale suburban area and occupies approximately 2,800 square feet. Rent is $2,782 per month (including sales tax). The lease expires August 31, 2011, and has a two-year option to renew that expires on July 31, 2013. In addition the Lessee pays any increases in the rent each year from September 2008. The owner has paid a $1,000 security deposit plus the last month’s rent in advance. Similar expenses plus the first month’s rent will be expected from the new gym owner. The landlord is willing to offer longer lease terms to a new approved owner.
Market Competition and Expansion:
The company has been in the same location for over 10 years. The owner relies on the prime location on a major commercial street in the upscale community of Tampa and utilizes word-of-mouth marketing from his many satisfied clients.
A new owner could increase the client base through additional marketing strategies. Utilizing direct mail to the surrounding homes and businesses in the area would bring in new clients according to the owner.
The owner does not have the time to pursue other marketing strategies because he is attending school in pursuit of his PhD in Physical Therapy.
Reason for Selling:
Finishing PhD
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.