Retailer Fitness Equipment and Service

Raleigh, NC
Wake County

Multiple Locations

Asking Price: Annual Revenue:
$4,500,000 $9,862,964

Retail: Sporting Goods, Recreation

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RE: Retailer Fitness Equipment and Service Broker: Jeff Snell

Quick Facts

Asking Price: $4,500,000
Annual Revenue: $9,862,964
Net Profit: $969,440
Cash Flow: $969,440
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1991
Employees: 26
BBN Listing #: 34246351
Broker Reference #: FITNESS1

Email or Print Listing

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Business Overview:

This multi-location Independent retailer of commercial and high-end residential fitness equipment is a full service retailer and service provider of everything from indoor and outdoor gym design to delivery, installation, service, preventative maintenance and relocation services. Products include a wide range of traditional and connected equipment as well as flooring and the company has exclusive sales rights for many of the products it sells in their geographic markets. The business also retails products for the cue sports, paddle sports and similar gaming table activities. The business offers it's clients financing and leasing through third party lenders.

Historical Summary:

This business has a decades long reputation for selling and servicing commercial and high-end residential fitness products. Over the years they have expanded geographically to multiple locations that now provide indoor as well as outdoor fitness solutions.

COVID Statement:

The company was initially adversely impacted by the onset of COVID-19 globally starting in the first quarter of 2020 when supply chain issues started to emerge creating inventory shortages. Public and private gyms as well as outdoor playgrounds and sports fields were forced to close and as such were not replacing, adding, servicing or maintaining their equipment at previous levels. However, the impact was minimal to this business because its commercial sales are primarily driven by vertical markets such as developers, multi-family, police, fire, community colleges, and private universities where gyms are an amenity and not dependent upon dues paying members. Concurrently, high-end consumers were having custom home gyms designed, built and installed with high end equipment sold by this business. This trend continues with some industry experts predicting that as much of 30% of pre-COVID gym members will not return which further bolsters this company’s performance. As closures and mandates have abated sales have returned to historic levels and in fact the company experienced a record month in March of 2022. Sellers anticipate continued stable growth in the coming years as fitness is a multi-billion dollar global industry that enhances health and wellness – a significant, established, yet still growing trend only emphasized by COVID.

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Property Features and Assets:

Retail stores are located in retail centers with high foot traffic and car counts. All locations are in good condition, have security systems, adequate parking and lighting.

Market Competition and Expansion:

Just as any business, this business has online and brick and mortar based competitors. The business has successfully differentiated itself by providing cradle to grave sales, service and support of the most respected brands, providing competitive prices and convenient locations.

Reason for Selling:

True Retirement.

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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