17 Year Old Fitness Center For Sale

Not Disclosed, AL
Jefferson County


Asking Price: Annual Revenue:
$200,000 $210,000

Recreation: Gyms, Health & Fitness, Sports


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RE: 17 Year Old Fitness Center For Sale Broker: Philip Webb
Owner Financing is Available!

Quick Facts

Asking Price: $200,000
Annual Revenue: $210,000
Net Profit: Not Disclosed
Cash Flow: $43,000
Total Debt: Not Disclosed
FF&E: $220,063
Real Estate: Not Disclosed
Year Established: 2003
Employees: 5
BBN Listing #: 97258883
Broker Reference #: 86715-221669

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Business Overview:

REDUCED PRICE

The center is a locally owned 24-Hour facility that offers a huge collection of free weights,wide variety of strength training machines to suit any fitness level,Cardio equipment, SilverSneakers classes for Seniors,Unlimited tanning,Personal training,Licensed massage therapist, Locker rooms, and shower facility.

Membership along with revenues have continued to increase each year along with their cash flow. The equipment has been updated every couple of years along with the inside of the building. Memberships account for 88% of the total income. The other portion of income comes from insurance reimbursements/incentives from Seniors, Personal Training, Tanning Bed Packages, Room rentals from Massage Therapist and Personal Training, along with sale of apparel.

The center has capacity to support more members with a total of 14,000 Sq.Ft, which the business is only using 11K Sq.Ft of the total space. It has a tanning area with 5 tanning beds and additional room to provide more classes for Seniors, while adding more trainers/physical therapists.

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Property Features and Assets:

Lease is currently on a month-month agreement. Owners of the building may offer sale of the building. Current Lease agreement is a complete Gross Lease. Terms could be negotiable and longer with landlord. The company started up in 2003 and exponentially increased their membership and revenues each year until 2008 recession hit. They were able to re engineer their business model and continued to increase their members by adding new services along with diversifying their income streams. This helped them continue to reflect no debt and consistent cash flow for the business.

Market Competition and Expansion:

The local Municipality has its own fitness center and there is a Snap Fitness location within 2 miles of the business. There is a Cross Fit location within a mile from the location. No marketing used at this time other than the website and Facebook. New buyer could increase membership through direct mail and other uses SEO with targeted marketing campaigns. There is additional space to add more personal trainers, massage/physical therapists.

Reason for Selling:

retirement

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 a franchise resale opportunity.

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