Business Overview:
Profitable private gym located in Allegheny county with a strong lease and existing customer base. This is a great opportunity for an individual, existing gym/fitness center or capital company in the fitness realm interested in purchasing a turnkey gym and fitness center in the greater Pittsburgh area (near a lot of office buildings and large residential area).
This gym is a family owned fitness facility including ellipticals, treadmills, exercise bikes, free-weights, weight machines and workout benches. It also includes an aerobic area where private classes can be taught for cycling, yoga and other group fitness classes for 30+ people. This location also offers the opportunity for it's members to tan at the gym and variety of other amenities and services.
This gym had revenue and seller's discretionary earnings growth pre-COVID in 2019 and 2018 and will be back to pre-COVID financials by Q1 2022.
For additional information please contact listing agents Cory Hoffman at 301-529-9025 or coryhoffman@fcbb.com or Nicholas Lettieri at 412-334-6965 or nicholas.lettieri@fcbb.com.
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Property Features and Assets:
This is a leased location of 7,388 square feet with a Total Rent of $4,477. Lease ends 12/2023 with a one 5 year lease option. Seller is active in the business with 8 Independent Contractors. Hours of operation are 5 AM to 10 PM, Monday - Sunday. $200,000 in FF&E included in Asking Price.
Reason for Selling:
Looking to pursue other business ventures outside.
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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