Fitness and Exercise Equipment Manufacturer

Not Disclosed, UT
Utah County


Asking Price: Annual Revenue:
$249,000 $641,650

Recreation: Gyms, Health & Fitness, Sports


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RE: Fitness and Exercise Equipment Manufacturer Broker: Arthur Warsoff
Owner Financing is Available!
$50,000.00

Quick Facts

Asking Price: $249,000
Annual Revenue: $641,650
Net Profit: Not Disclosed
Cash Flow: $95,083
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: 9
BBN Listing #: 912850336
Broker Reference #: 15541-397813

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Business Overview:

This business manufactures and sells a patented premium exercise machine. The machine is suitable for all users, and been specifically designed to address the exercise needs of senior citizens, specifically improving blood circulation, lymph activation, balance, and core strength. The machine is made of high-quality powder-coated steel and cherry wood, with full manufacturing in the USA. The machine has the appearance of furniture and provides full stability for the user in the standing or sitting position. The product has been embraced by many senior citizen centers, assisted living facilities, senior communities, chiropractic offices and fitness gyms in Utah and surrounding states. The largest customer market is individual seniors in their homes. With on-site manufacturing, established affiliate sales partners, and a commissioned sales force offering in-home trials of the machine, the business works to ensure end-to-end quality, personalized service and user satisfaction.

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Property Features and Assets:

The business has been in existence for seven years. The exercise machine was developed by a team including a chiropractor, physical therapist, nurse, engineer and designer. A Utility Patent was obtained in 2019. Manufacturing, assembly and distribution are all performed in the facility located in Utah County.

Market Competition and Expansion:

There are several similarly priced machines which are targeted to athletes. Additionally, there are many lower priced competitors who sell a similar machine produced overseas, which low price affects the quality and longevity. The competitive advantage of this machine is the high-quality components, local manufacturing, and the targeted senior citizen design of the machine, which design appeals to all user groups. The machines are sold with a limited 3-year warranty. The machine has demonstrated improvement in the quality of life for users. The personalized sales approach and ability for in-home trials results in a very high sales closure rate and user satisfaction. Potential Growth: A new owner could grow the business by increasing the sales force, marketing to a broader market beyond Utah, expanding into complementary categories, creating new sales channels by partnering in related fields, and re-engineering the manufacturing and assembly process to improve efficiency and profitability.

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 not a franchise resale opportunity.

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