Profitable Athletic Club in Perfect Location

Not Disclosed, TN
Blount County

Asking Price: Annual Revenue:
$1,795,000 $697,646

Recreation: Gyms, Health & Fitness, Sports

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RE: Profitable Athletic Club in Perfect Location Broker: Doug Kose

Quick Facts

Asking Price: $1,795,000
Annual Revenue: $697,646
Net Profit: Not Disclosed
Cash Flow: $149,059
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $1,200,000
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 99654611
Broker Reference #: 5182-921264

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Business Overview:

Take advantage of the opportunity to own a fast growing, recurring revenue business while also getting the satisfaction of helping people create a healthier lifestyle. This very profitable health management and athletic club is perfect for an active owner, manager, a semi-absentee investor, or a strategic buyer who can take advantage of industry best practices. Located in a central location of a suburb to a large Tennessee metropolitan area, the athletic club has been a fixture of its community for over 40 years. Since the current owner bought the business just over two years ago, membership has grown at a CAGR of 53% with plenty more capacity for continued growth with minimal additional investment. The business is producing pro forma EBITDA of over $150k annually and over 90% of the revenue is recurring, contracted membership revenue. Real Estate is included in the listing price and a BOV was completed in April 2021 valuing the property at $1.2 Million.

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Property Features and Assets:

The athletic club boasts approximately 30,000 square feet of functional space designed for health club/fitness use. The club consists of a reception area, a small office area, various open rooms for fitness equipment including cardiac/cycling areas, free-weight training, mechanized weights, group instruction rooms, a basketball court, men’s and women’s locker rooms with spa/steam rooms, hot tubs, sauna, and a child care area. FF&E value is $136,000 and real estate value of $1.2M (included in the sales price). The facility is located in a central area of town, convenient to all major thoroughfares and has a great view for its members to enjoy while using the athletic club.

Market Competition and Expansion:

There are other gyms and fitness centers in the area. However, this business has a long history in the community with many members who have been members for over 10 years. The reputation of the athletic club is strong, with 4.4 stars on Google with over 100 reviews. Potential Growth: The current owner has invested over $335k into the gym in the last 2 years for repairs, maintenance, upgrades, capital expenditures, group fitness studio build-outs, and more. Therefore a new owner can take over and add new membership revenue to the bottom line with minimal new investment. In addition, there are opportunities to grow the business through adding additional classes to the newly renovated portions of the club, adding new membership types, such as CrossFit, membership rate increases, and expanding retail options.

Reason for Selling:

Other business interests.

Additional Details:

  • The property is leased.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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