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Business For Sale

Own Your Own Fitness Centers - Highly Profitable!

Cuyahoga County, OH, USA

Recreation: Sports, Exercise, Gyms

Asking Price:
Year Established:
Employees:
Listing Number:
$525,000
2002
3
87827889
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$625,000
Not Disclosed
$162,000
Not Disclosed

Business for Sale Overview:

We have three profitable fitness locations which can be run absentee. They all feature official Hammer Strength Training Equipment as well as other machines, treadmills, bicycles, weights and mirrors. The business model is to provide fully equipped exercise facilities for various fitness levels, with 24-hour access / 7 days per week. Members are given a key card so that they can access the centers at any time. The premises are protected by video surveillance cameras and panic buttons. One full time attendant works at one location; two of the owners work approximately 25 hours per week to service all three locations as needed.

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:

There are three locations which are fully equipped. Members are given a key fob, so that they can enter at any time, day or night. All three locations are leased; the first has 3,350 sq. ft., the second has 3,400 sq. ft., and the third has 5,698 sq. ft. Support/Training: The owner will stay with the buyer for a period of one month to see that there is a smooth transition.

Market Competition and Expansion:

Market Outlook and Competition: The outlook is good for fitness centers, especially those which can be run absentee. A recent article in Forbes quoted that the fitness industry is one of the top ten recession proof businesses. Competition comes from franchises such as Anytime Fitness and other gyms.

Reason for Selling:

Moving out of 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.

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.

Additional Information

Own Your Own Fitness Centers - Highly Profitable!
Business Listed By:
Peter Vadas
M. B. A. Realty, Inc.
contact the seller
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