Price Drop/Quick Sale! Women’s Only Fitness Studio

Not Disclosed, UT


Asking Price: Annual Revenue:
$47,500 $523,005

Recreation: Gyms, Health & Fitness, Sports


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RE: Price Drop/Quick Sale! Women’s Only Fitness Studio Broker: Ann Ashby

Quick Facts

Asking Price: $47,500
Annual Revenue: $523,005
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $300,000
Real Estate: Not Disclosed
Year Established: 1997
Employees: 22
BBN Listing #: 307649963
Broker Reference #: 1401-883279

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Business Overview:

These two Fitness Studios have been providing training and conditioning
tailored to women in a comfortable and safe environment for twenty years. This business consists of two fully equipped facilities, both offering group classes as well as individualized training conducted by certified staff. The membership bases consist of approximately 2,000 monthly EFT members making this a unique opportunity to purchase two completely equipped, fully operational fitness gyms at a fraction of the cost to open them from the ground. Although the gyms are currently female focused, the facilities as well as the equipment
offer the opportunity to convert to a coed gym if desired by the new owner. This is an ideal opportunity for a first-time gym owner or an existing owner looking to expand their footprint and membership base.

• Monthly Membership Creating a Stable Recurring Revenue Stream • Large Membership Base • Favorable Long-
Term Lease with Space and Ample Parking for Additional Members • Current Owners Minimally Involved in the
Business • Favorable Local Demographics • Loyal Customer Base • Fun Work Environment with a High Level of
Employee Satisfaction • Service Based Business with Minimal Cap
X and Low Fixed Costs • Option to Purchase the Real Estate

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Property Features and Assets:

Both gyms are equipped with top of the line equipment including: Cybex, Paramount, Matrix and Precor machines. The gyms provide ample space for machine equipment and free weights. The gyms also include aerobic equipment of all varieties as well as kinetic equipment and boxing. All equipment is routinely maintained, recently updated and in good working condition. Both facilities offer daycare and tanning. Building leases are in place, with an option to own one of the locations if desired. Most importantly both locations have great visibility and ample parking and are each situated in growing neighborhoods with ideal demographics.

Market Competition and Expansion:

Competition exists, but this is the only gym of its kind in the immediate area and members continually renew their memberships due to the specialized atmosphere. • Offer More Personal Training • Partnerships with Area Businesses • Currently Open Time Slots Could be Used for Specialty Classes • More Focus on Beginner Programs • Add Additional Fitness Activities and Personal Services

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • 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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