Business for Sale Overview:
This is a great business in up or down economic times. More and more people are working out and know that exercise helps maintain a positive edge and keeps stress levels low. This fitness center has been in business for over 14 years and is 100% absentee owned. With approximately 2500 active members, this facility is definitely the most popular in this southern Oklahoma town. Approximately 1 year ago the club underwent a complete renovation, business model change and new equipment was required. Since the updates and changes, the club has grown significantly and is on track to cash flow approximately $150,000 this year and over $200,000 in 2010. Note that when the lease-purchase on the new equipment is up in approximately 40 months, the buyer will enjoy an additional $5,600 per month ($ 67,200/yr) on the bottom line! Income and cash flow are annualized based on the performance during the first 8 months of 2009.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Market Competition and Expansion:
Competition is very limited. There are great opportunities to boost memberships with a proactive marketing approach and a hands-on owner/operator.
Reason for Selling:
The owner has relocated to another state.
Additional Details:
- The property is leased.
- 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.