Two Location Gym with 2,000 Active Clients

Greater Toronto Area, Ontario

Asking Price: Annual Revenue:
$417,000 $1,138,117

Retail: Health, Beauty, Nutrition

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RE: Two Location Gym with 2,000 Active Clients Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $417,000 CAD 15% Buyer Down Payment: $62,550 15% Seller Financing: $62,550 70% Bank Loan: $291,900 A 15% down payment of $62,550 returns $70,572 in the first year after debt payments!

Quick Facts

Asking Price: $417,000
Annual Revenue: $1,138,117
Net Profit: Not Disclosed
Cash Flow: $146,483
Total Debt: Not Disclosed
FF&E: $198,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: 23
BBN Listing #: 964134398
Broker Reference #: FIT023

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Business Overview:

Want to work out in a fun and supportive environment? Over 2,000 active customers have enthusiastically signed up to get active, lose weight, or to gain strength at these popular local gyms. The trainers are knowledgeable on how to motivate clients, so they can achieve their health and fitness goals through a dynamic workout experience uniquely tailored to the customer base. Classes include group workouts, circuit training, boot camps, and private training sessions. All customers are contracted members, and this company has over $500,000 in secured contracts for 2020. Continued growth can be found in continuing to generate excitement about this unique programming as well as the specialized seminars and workouts offered throughout the year. In addition to business development and fostering community relationship, the owner guides the vision of the company and leads the team in providing customer-oriented services. The owner also works to develop social media engagement and has thousands of engaged followers on Instagram and Facebook. The company app also helps customers stay involved in fitness culture and enjoy the ease of scheduling.

This Greater Toronto area gym has two locations that are bright and airy places to exercise. The first location has 5,500 square feet of space with two group fitness rooms and a training room, while the second location features 4,500 square feet with two group fitness rooms. Both locations have a welcoming reception area, change rooms, showers, and private offices.

The thirteen enthusiastic trainers work with customers throughout the week in group classes or personal training. Three sales representatives help to generate new contracts and six administrative support staff manage the front desk under the supervision of an office manager.

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Property Features and Assets:

Location 1: 5,500 square feet: Reception, three workout areas, change rooms, showers, offices; Location 2: 4,500 square feet: Reception, 2 workout areas, change rooms, showers, offices

Market Competition and Expansion:

Fully engage customers with rewards programs, add specialized seminars and interactive experiences for members

Reason for Selling:

Career pivot

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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