Multi-location Retailer Of Fitness Equipment
Raleigh, NC Wake County
Multi-location
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- RE: Multi-location Retailer Of Fitness Equipment
- Contact: Jeff Snell
Quick Facts
| Asking Price: | $3,500,000 | |
| Annual Revenue: | $7,785,621 | |
| Net Profit: | $861 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1991 | |
| Employees: | 19 | |
| BBN Listing #: | 48556351 | |
| Broker Reference #: | FITNESS1 |
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, and similar gaming table activities.
The business offers its clients consumer financing and commercial leasing through third party lenders. The staff consists of industry veterans with over 1/3 of current employees having 10 years of industry specific experience in sales, service, and operations.
The owners are currently building an e-commerce website to facilitate online sales in additional markets.
This business has a decades-long reputation for selling and servicing commercial and high-end residential fitness products. Recently, the owners have further streamlined operations to maximize profitability.
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Property Features and Assets:
Retail stores are located in retail centers with high foot traffic and car counts. The 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. A new owner could choose adjacent markets to open additional brick and mortar retail locations. New product lines could be added. A more formal sales team could be established to replace current owners' roles and responsibilities.
Reason for Selling:
One partner retiring.
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
Documents:
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