Business Overview:
Sunbelt Business Brokers of Nashville has been engaged to sell a very well established fitness center near Nashville, Tennessee. The company has been operating for over twelve years.
The company has a strong growth history since its inception in 2009. Profit margins are strong, It has five 1099 staff, one owner works full time and another owner part time. Weighted average yearly revenue over past four years was $467,968. Average weighted cash flow was $134,262. COVID reduced revenue by roughly 40%. Revenue should be back to 2019 levels as growth is steadily moving up.
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Reason for Selling:
Owners plan to pursue mission work
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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