Fitness Gear, Equipment & Personal Training

Not Disclosed, WA
Whatcom County

Asking Price: Annual Revenue:
$650,000 $934,142

Recreation: Gyms, Health & Fitness, Sports

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RE: Fitness Gear, Equipment & Personal Training Broker: Claudia Smith

Quick Facts

Asking Price: $650,000
Annual Revenue: $934,142
Net Profit: Not Disclosed
Cash Flow: $284,312
Total Debt: Not Disclosed
FF&E: $87,000
Real Estate: Not Disclosed
Year Established: 1989
Employees: 7
BBN Listing #: 81734955
Broker Reference #: 8002-17075

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Business Overview:

Here is a well know business offering personal and commercial fitness lines of equipment and has a personal training studio within the showroom. Clients receive customized personal training in a friendly atmosphere tailor made for their needs. They offer a boutique style studio gym with emphasis on client success with smaller groups or individual sessions! Their fitness equipment get orders from around the state, as well as, across the country and they have exclusive rights to some areas.

According to the American College of Sports Medicine, one of the most popular fitness trends includes fitness classes for older adults, increasing demand for industry products, such as athletic apparel, footwear and ergonomic sports equipment for this demographic. The industry has further benefited from consolidation, which has enabled large-scale sporting goods retailers to bypass sporting wholesalers, securing supply contracts directly with manufacturers.

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Property Features and Assets:

The business is located in a stand alone building approximately 6,000 sq ft with 12 parking spaces on a main thoroughfare. The rent is $4,000/month NNN.on a month to month agreement. Assets = $272,000

Market Competition and Expansion:

More consumers are able to purchase sporting goods as the per capita income increases. Demand for sporting goods and equipment is driven by the relative income that consumers can allocate toward such expenditures. Per capita disposable income is expected to increase in 2021, representing a potential opportunity for the industry. Despite such strong growth, intensifying external competition from department stores and mass merchandisers that also offer sporting goods in their product portfolios has constrained industry performance due to high price-based competition. In turn, industry profit, measured as earnings before interest and taxes, is expected to stagnate, accounting for 3.5% of revenue in 2021. Industry revenue is forecast to grow an annualized 1.6% to $70.3 billion over the five years to 2026, as growth in sports participation resumes, propelling demand for athletic apparel, equipment and footwear. Although time-strapped individuals will likely find it difficult to incorporate fitness and sporting activities into their daily regimen, rising health consciousness and per capita disposable income will likely spur demand for sporting goods. The area is experiencing tremendous growth and new apartments, condominiums and hotels are being built to accommodate that growth. With additional emphasis and investment in outside sales, there is a tremendous opportunity to capitalize on the current growth trend. As the immediate community continues to expand, Personal Training programs and home equipment sales will continue to enjoy steady gains.

Reason for Selling:

Owners are retiring.

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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