Successful Fitness Club Concept, Seller Financing

Not Disclosed, CA
Alameda County

Nice neighbourhood

Asking Price: Annual Revenue:
$200,000 $1,177,574

Recreation: Gyms, Health & Fitness, Sports

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RE: Successful Fitness Club Concept, Seller Financing Broker: Raj Sathyaseelan
License #: CA DRE# 02071580

Quick Facts

Asking Price: $200,000
Annual Revenue: $1,177,574
Net Profit: $350,019
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2016
Employees: 7
BBN Listing #: 966856614
Broker Reference #: SV00101

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Business Overview:

Founded by a physiotherapy, this successful this fitness club has grown extremely fast in the last 3 years with sales jumping from $400,000 to $1.17M. The growth is primarily due to the unique programs offered to high end customers who are willing to pay $200 to $700 per month for specialized service. This is a turn-key business as the owner has built a solid business model, loyal customer base, skilled and professional coaches. The business is full equipped with all equipments required to run programs and challenges.

Valuation is at low multiple of 1 as the owner is looking for a quick sale due to his desire to relocate. Business has a favorable lease with a low rent of $5,000 per month. This business has clean books with great cashflow. Seller financing is available for well qualified buyers. The seller is a business coach for gym owners so he is willing to offer the buyer with 6 month free enrollment in his coaching program.

Due to COVID-19, the business has now moved to online live stream concept with reduced membership so the business is currently operational but the sales level are much lower due to shelter in place orders in the county.

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Reason for Selling:

Owner relocating out of state.

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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