#0293-Commercial Fitness Equipment Company

Not Disclosed, FL

Tampa Bay Area


Asking Price: Annual Revenue:
$2,250,000 $2,227,300

Retail: Sporting Goods, Recreation


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RE: #0293-Commercial Fitness Equipment Company Broker: Brian Stephens

Quick Facts

Asking Price: $2,250,000
Annual Revenue: $2,227,300
Net Profit: Not Disclosed
Cash Flow: $819,903
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 6
BBN Listing #: 807250148
Broker Reference #: 883-90293

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Business Overview:

The financial figures shown here were extracted for the Seller's 2020 financials.

This business has been lender pre-qualified.

Own this fantastic industry leader in fitness equipment sales, service, and installation in the Southeast. Two giant warehouses. Amazing!

They carry new showroom demos and Certified Pre-Owned (COMPLETELY REFURBISHED); cleaned & serviced (GENTLY USED) commercial grade gym equipment. They offer exercise weights and treadmills, new athletic equipment, workout machines of every make and model. Inventory to be added to the price. Inventory is extra,

Price includes $500K in inventory, comprised chiefly of fitness equipment. Currently, there is approximately $2MM in inventory in warehouses, and the Seller will consider financing the rest of the inventory.

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Property Features and Assets:

SBA Pre-Qualified. Excellent facilities with 150,000 cubic feet of storage and comes with $50,000 in asking price. Note that there is often around $2,000,000 in inventory which Seller will work you on over time.

Market Competition and Expansion:

Seller believes that there are lots of opportunities to grow revenues. There are very few of these companies this size around the nation. According to the Business Reference Guide, there are over 113 thousand fitness centers and more are opening up all the time. We expect a lot of upcoming opportunities. This company sells new and used equipment. They provide maintenance and service on a wide range of products. Sales were strong in 2020 as the business capitalized on the residential market. They have since captured a strong footing in the residential market. This company has been and continues to remain, very strong in the commercial market, selling to fitness centers. They also design spaces, deliver, install and service fitness equipment for: • Commercial centers • Homeowners • Personal Training Studios • Just about anywhere that has fitness equipment Sells a lot of equipment in an up economy, but also can refurbish a lot of equipment in a down economy.

Reason for Selling:

Owner Health.

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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