Gym

Not Disclosed, WA
King County


Asking Price: Annual Revenue:
$199,000 $193,414

Recreation: Gyms, Health & Fitness, Sports


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RE: Gym Broker: Claudia Smith

Quick Facts

Asking Price: $199,000
Annual Revenue: $193,414
Net Profit: Not Disclosed
Cash Flow: $87,409
Total Debt: Not Disclosed
FF&E: $7,740
Real Estate: Not Disclosed
Year Established: 2011
Employees: 7
BBN Listing #: 66134955
Broker Reference #: 8002-16889

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Business Overview:

Here is the opportunity for the healthy minded person who wants a great lifestyle business. This little gem has it all. Dedicated employees, location, loyal following and room to grow. This business has the unique reputation for a friendly atmosphere. Here members can box or kickbox, weight lift, get personal training & conditioning with a wide variety of tools & styles to attract customers.

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Property Features and Assets:

The space is in a prime location with high visibility. It is situated on the corner with oversized windows across from businesses that generate foot traffic. There is everything needed to service the fitness crazed public. The gym is kept neat & clean conforming to all the COVID requirements. Assets = $31,030

Market Competition and Expansion:

The Gym, Health and Fitness Clubs industry has benefited from the health of the broader economy and growth in health-consciousness over most of the five years to 2021. Companies in this industry operate fitness and recreational sports facilities that offer exercise equipment and recreational sports activities for consumers. Some gyms, health and fitness clubs have appealed to consumers by offering low-cost memberships with full operational hours. Comparatively, niche studios have appealed to consumers by offering classes with specific workouts or environments. According to 2020 data from International Health, Racquet & Sportsclub Association, the number of health club memberships in the United States increased to 64.2 million members in 2019 (latest data available), illustrating heightened industry demand. Overall, monthly memberships with low cancellation fees have fared well during most of the period. As the pandemic subsides, industry establishments have been permitted to reopen at a limited capacity. Thus, industry revenue has decreased an annualized 0.9% to $35.3 billion over the five years to 2021, including the growth of 4.7% in 2021 alone. The Owner says there is a huge potential for expansion & growth.

Reason for Selling:

Owner is moving out of state.

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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