Seller's Contact Information

  • RE:  Profitable Fitness Center
  • Contact:  Michael Morrissey

Quick Facts

Asking Price: $330,000
Annual Revenue: $303,532
Net Profit: Not Disclosed
Cash Flow: $104,717
Total Debt: Not Disclosed
FF&E: $56,266
Real Estate: Not Disclosed
Year Established: 2000
Employees: 13
BBN Listing #: 58552348
Broker Reference #: 59071-917617

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Business Overview:

This profitable fitness center is located just off a very busy highway in SW Metro Portland. At over 5,000 square feet, the business is a fully equipped fitness center, with top notch equipment that is well maintained and looks almost new. The business is located in a commercial plaza that is close to many other businesses of various kinds and residential neighborhoods, making it an ideal location for a gym. The business’s clients are open gym members and fitness class members, who also utilize the business’s in-house massage therapy, personal training, nutrition consulting services, and in-house 3rd party providers who rent space from the business to sell their services to the business’s clients. 3rd party provider’s clients must buy memberships to the gym. The approximate 5,500 square foot space was recently remodeled boasting an open industrial design. This gym made it through the pandemic and is now back to pre-pandemic strength. The owner is looking to possibly move out of the area, but wants to continue private fitness consulting at a much smaller scale.

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Property Features and Assets:

Monthly Rent: $5,800.00 Square Units (Foot, Meter): 5,500 Lease Expiration Date: May 31, 2023, 12:00:00 AM Terms Options: After, a 1 year extension with 90-day mutual right to terminate. Landlord is open to negotiating a new longer term lease with a buyer. Facilities: Commercial plaza space. FF&E Overview: Various commercial grade exercise equipment. Cardio, free weights, exercise machines.

Market Competition and Expansion:

There are 2 competitors within 1/2 mile. One is a private fitness club and the other is a “box store” franchise gym. Other competitors in the area include small private cross fit gyms, yoga studios, and martial arts businesses. The business's clients live a fitness focused lifestyle. Their gym experience is important to them and do not want what the generic experience “Big Box” gyms have to offer. Renting out space to more 3rd party trainers who need space for their specialized programs is a great growth opportunity. Another growth opportunity is to continue to host fitness camps for those who want to compete in physical competitions like Kid’s Sports, Dragon Boat Racing and Spartan Racing.

Reason for Selling:

Switching Industries

Additional Details:

  • The property is Leased.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

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