Owner Financing is Available!
Business Overview:
This upscale and highly profitable health club has been in business for over 22 years. Loyal members enjoy group fitness classes, pilates, yoga, personal training, cardio and weight equipment, massage, physical therapy and locker rooms with showers. The club caters to a mature, professional clientele and is located in one of Salt Lake City's most prestigious zip codes. Because of the loyal membership, cash flows are steady, predictable and well diversified. This health club is unique in its class as it has stayed strong while many local and national competitors have come and gone.
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:
16,000 square feet including weights, cardio equipment, spin bikes and two large aerobic studios.
Market Competition and Expansion:
Competition is limited. Economic downturn has caused two national gyms to shut down locations within a four mile radius. Square footage in club is not currently being maximized to full potential. Plenty of room to initiate new programs will add to the bottom line. Weight room is never crowded indicating that more personal trainers could also add to bottom line.
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.
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