Group Fitness with 33% Profit

Greater Toronto Area, Ontario

Asking Price: Annual Revenue:
$440,000 $389,805

Services: Non-classifiable

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RE: Group Fitness with 33% Profit Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $440,000 CAD 18% Buyer Down Payment: $79,200 15% Seller Financing: $66,000 67% Bank Loan: $294,800 A 18% down payment of $79,200 returns $94,579 in the first year after debt payments!

Quick Facts

Asking Price: $440,000
Annual Revenue: $389,805
Net Profit: Not Disclosed
Cash Flow: $130,833
Total Debt: Not Disclosed
FF&E: $114,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 13
BBN Listing #: 752034398
Broker Reference #: FIT022

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Business Overview:

This business has $114,000 in assets and 250 annual memberships! Helping individuals achieve their fitness goals, this Toronto Area training gym has two great locations that are easy and conveniently located in a rapidly expanding area of the city. This center seeks to meet the needs of their customers by offering personal training or group classes as well as many open gym times throughout the week. Classes focus on building strength, cardiovascular capacity, and flexibility and clients of all ages are welcome to join. Customers can sign up for monthly memberships that include open gym time and group classes, but most sign up for annual contract memberships. All personal training sessions have a separate fee. Payments are automatically collected monthly, ensuring fees are received and making the process easy for customers. The owners are invested in providing an open and accepting environment where people can meet their fitness goals. They focus on operational oversight, membership sales, and they do a bit of training throughout the week.

This company has two locations that are outfitted with fitness and training equipment. Location one is 10,000 square feet of space, while location two is 4,800 square feet. Both gyms feature a large open area, high ceilings, restrooms, change rooms, showers, and cushioned flooring. The training equipment varies by location, but both gyms are fully equipped for strength-based workouts.

These gyms have a loyal following and glowing social media reviews and are located in a rapidly expanding area of the GTA. Building upon the current success may lead to additional growth as could expanding the class size, class frequency, and offering boxing or MMA training, as well as networking and strategic marketing campaigns to build new membership leads.

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Property Features and Assets:

Location 1: 10,000 square feet: 8,000 square feet open gym with high ceilings; Location 2: 4,800 square feet: Large open gym

Market Competition and Expansion:

Expand class options to include boxing or MMA training, network to generate new leads, utilize online class registrations.

Reason for Selling:

Exit strategy.

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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