Athletic Club - 11 Years Established

Denver, CO
Denver County

Metro Area


Asking Price: Annual Revenue:
$895,000 $972,567

Recreation: Gyms, Health & Fitness, Sports


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RE: Athletic Club - 11 Years Established Broker: Bernard Cicirello
License #: EI40015009
Owner Financing is Available!
Negotiable

Quick Facts

Asking Price: $895,000
Annual Revenue: $972,567
Net Profit: Not Disclosed
Cash Flow: $297,314
Total Debt: Not Disclosed
FF&E: $298,587
Real Estate: Not Disclosed
Year Established: 2010
Employees: 22
BBN Listing #: 52701169
Broker Reference #: 2021519

Email or Print Listing

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Business Overview:

Founded in 2010, this is a premier fitness center and gym offering the most advanced fitness equipment on the market today. A friendly neighborhood fitness facility! The only locally owned, non-corporate club in a densely populated area of Denver with state-of-the-art equipment and unlimited classes. They employ Denver’s best fitness experts inspiring members to achieve their goals. This Club is built on the strong ambition and integrity of its team members. All personal trainers and instructors are educated in their respective disciplines. Their knowledge and experience allow them to lead, instruct and motivate individuals or groups in exercise activities. They possess the knowledge, skills, and abilities necessary to design safe and effective fitness programs. Working with their clients they create milestones, track progress, and constantly evaluate progress. Boundaries are not fixed, their clients tend to be close by, either by residence or by place of employment. Website has been recently reconstructed. Renovation began in 2020 with a focus on improving web presence, search engine placement, member reservations system and online membership enrollment. A blog section was added and is updated regularly with promotions, workout tips, and other news and events. On the backend their digital marketing team has leveraged Facebook and to a greater extent Google ads driving traffic to a free one day pass. Built into the site is tracking ability of marketing campaigns and prospect nurturing. During COVID updates to the site allowed them to adhere to occupancy restrictions and keep members and guests up-to-date with changing rules and regulations that occurred throughout the pandemic.

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Property Features and Assets:

Free standing building. 7,473 square feet. $39.00 per square feet lease expires 2028 + 5 year option. Nestled in a hi density area of Denver. In a recent article Forbes referred to the location as “Best Hipster Neighborhood” in the country. Renters and homeowners are almost equal in number. The facility is assigned a dozen parking spots; however, no worries, members either work or live in walking distance to the Club. Seller will stay on for a long enough time to cause a smooth transition of ownership. Owner is the Architect, employees and contractors are Rainmakers.

Market Competition and Expansion:

Closest competitor is a few blocks away. Both have been operating in the same space for the past 8 years. Population density is so high that neither find themselves in each other’s way. The Club has historically achieved growth in revenue organically through referrals and their position in the community. There is no capacity restriction. Limitations in growth are due to available square footage of the facility. Membership role as of July 2021 was over 1,000. Membership numbers change daily. Seller estimates the membership limit for the facility at 1,400. Housing prices in Denver continue to explode with higher incomes required to sustain housing prices. As a result, Owners have found prospective members have more discretionary income allowing for higher monthly membership fees. Added value to memberships have been made by adding Fitness on Demand providing members the opportunity to access a vast library of at home workouts. Fitness on Demand offers content anywhere, anytime. They are the global leader in the collection, curation and provision of high quality, premium digital fitness content from some of the world’s leading names and experts in personal fitness.

Reason for Selling:

Changing careers.

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.

Documents:

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