Fitness Center For Sale!

Not Disclosed, GA

Asking Price: Annual Revenue:
$79,900 $105,470

Recreation: Gyms, Health & Fitness, Sports

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RE: Fitness Center For Sale! Broker: William Reyes

Quick Facts

Asking Price: $79,900
Annual Revenue: $105,470
Net Profit: Not Disclosed
Cash Flow: $23,627
Total Debt: Not Disclosed
FF&E: $35,000
Real Estate: Not Disclosed
Year Established: 2001
Employees: 4
BBN Listing #: 301852907
Broker Reference #: 57971-91006

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Business Overview:

This fitness center has been in business for almost for almost 17 years, and in addition to a wide array of equipment offers personal training, tanning, and dedicated activity classes. Most importantly, the market segment for health and fitness averages 3.1% in membership growth annually.

This business features something for everyone:
• the business can be a turn-key operation for those who wants to manage with the current staff in place, or
• the business can be a blank slate and tailored for the latest niche in the fitness industry.
The owner is motivated to sell and ALL offers will be presented, because of a desire to change industries immediately. Finally, the owner is willing to sign a non-compete agreement.
Business Details
• Price: $79,900 (motivated & negotiable)
• Gross Revenue: $105,000
• Sellers Discretionary Earnings: $23,372
• Category: Fitness
• Location: Savannah
• Employees: 3 Full Time
• Years Owned: 5
• Inventory: $1,000
• FF&E: $35,000
• Reason for Selling: immediate change of industries
If interested, please contact Jacob Jones with Transworld Business Advisors or email us for further details.

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Property Features and Assets:

Founded in 2001, and purchased by the current owner four years ago, this fitness center has a wide-array of equipment, tanning, and personalized training available.

Market Competition and Expansion:

Gyms and fitness centers are all around, but the current owner would consider other competition to be low-priced and like any other typical gym as one might imagine. Potential Growth Savannah’s regional economy – which includes Chatham, Bryan, and Effingham counties – has been expanding above the national average for nearly seven years, creating 30,000 new jobs along the way, nearly all of them in the private sector. Since mid-2013, the growth has been substantial with growth projected for 2017 and beyond. The Savannah area will also benefit from the growth of the state of Georgia as a whole which is expected to grow above the national average in 2017 and beyond.

Reason for Selling:

Changing industries.

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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