Business Overview:
This unique lifestyle oriented fitness center may be the ideal small business opportunity for the health-oriented entrepreneur seeking a stable business with recurring monthly revenues, an ideal beachside enterprise, or a new group of health-minded best friends for life. Established in 2003, this personal training and fitness center has built a stellar reputation for its personalized services, as it is focused on personal training sessions and offers flexible membership packages that create a “ win-win” situation for all parties – Clients enjoy the variety of individual or group oriented weight or cardio training options, while management enjoys automatic recurring revenues from a relatively high-discretionary income client base that seeks such services. This is not a “body-builder” gym, or a youth facility. Rather, this fitness center is geared toward those seeking personalized attention in a spa-like setting.
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Property Features and Assets:
The training center is located in a conveniently accessed 4,500 square foot facility with plenty of free parking. The space currently leases for $8,500 per month. (thought the lease states higher) including common area maintenance on a lease valid until 2013 with 1 – five year option! The sales includes a varied mix of all of the necessary Pilates, spinning or alternate cardio equipment (including cycles, ellipticals, treadmills) that instructors or clients could seek, as well as free weight dumbbells and a variety of high precision weight machines. Naturally, the facility comes complete with a first class male and female locker and shower room, laundry room, and managers / trainers offices, a massage room, and additional space that could be converted for a wide variety of additional uses, or remain as a profitable sublet opportunity.
Market Competition and Expansion:
There are several similarly sized fitness centers in the area, however, each seems to attract different client segments. Some tend to best serve body builders, while others may be female only, family centers, or be the entry level low cost gym. This fitness center, on the other hand, boasts first class equipment and highly personalized services. As such, this facility would most likely target the high discretionary income 35 – 50 year old age segment focuses on a balanced approach to weight and cardio training. New owners business can continue to operate the business as is, or they may seek to aggressively promote it, expand the service offering (e.g. yoga, cardio-boxing, ab labs, etc.), physical therapy, nutritional/dietary consultative services, etc. Although the gym has by no means reached its capacity in terms of the number of clients it can still serve without crowding, the gym does have the opportunity to expand its overall floor size.
Reason for Selling:
Personal
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.