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Asking Price:	$295,000 USD USA Dollars
Business for Sale Industry:	Recreation: Sports, Exercise, Gyms
Reason for Selling:	Owner received special job offer.
Year Established:	2007
# of Employees:	20-25
Yearly Revenues:	$383,000
Yearly Cash Flow:	$60,000

Business for Sale Overview:

Large exercise club in growing commercial and residential area of northern Colorado. Buyer can purchase the building or simply buy the club/gym and operate it with a lease. None of the owners are active in the club and are using sales and operational managers, and thus are not developing the gym as an owner operator could. This club has a significant customer base of over 1,500 members, a strong training and sales staff, and an inventory of equipment that few clubs anywhere in the country can match. There is a steam room, a tanning booth, locker rooms, electronic machines for aerobic large exercise, spinners for endurance classes, and a complete “soft” floor. Whether it’s free weights for strength training, private rooms for workout classes, this club has it all.

Property Features and Assets:

Additional tenants provide supplemental income if purchased. Approximately 14,000 square feet for the club in a steel building of approximately 16,000 square feet. Buyer can purchase the building or lease from the owners as preferred.

Market Competition and Expansion:

Largest workout club within 20 miles and within the community itself. There are several small-specialized franchise operations such as Curves. Strengths: Size of facility provides many options; Excellent training staff; Large customer base. Opportunities: Owners have not developed retail and service opportunities such as a juice or beverage bar and a more extensive line of nutrition products or clothing. Club ownership needs an active, enthusiastic member to take over. Poised for growth.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for 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.