Owner Financing is Available!
Business Overview:
This large and established fitness center has 2500 members and has grown revenues over 14% over the past two years. With an experienced and reliable staff in place, the place practically runs itself. The owner works at the center 4 mornings a week and tends to his other business in the afternoons. With a lot of space, the center is able to offer a wide variety of activities and services to the membership, while still retaining flexibility for future opportunities and trends.
The current owner started off as a silent investor, but stepped in to take over the business after new majority ownership faltered. He has turned the business around during the past 4 years and has prepared the gym for sale by investing in the facility. He has recently refinished all the hardwood floors, painted the gym, refurbished the Child Care area, the women's only area, and has brought in new circuit training and weight training systems. The new owner will not need to make any capital investments for several years. This is a great opportunity for anyone with business management experience, or a passion for fitness.
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.
Property Features and Assets:
This 40,000 Square Foot gym includes a 25 meter lap pool, large aerobics room, squash and racquetball courts, spinning room, basketball court, large free weights area, and some smaller rooms. The lease is $4/square foot. Plenty of parking.
FF&E of $195,000 is included in the asking price.
Training: Two weeks or more if necessary.
Market Competition and Expansion:
This fitness center has an excellent and accessible location. It is the largest, with the most services available to its members in the area, and has an excellent name in the community.
There are opportunities to enhance some of the current services and new and different services and products such as hot yoga could be brought in at the discretion of the owner.
Reason for Selling:
Has another primary business.
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.