|
Fitness Club With State Of The Art Equipment For Sale
Location Ohio,United States
Asking Price Range < $250K
Gross Revenues $140000
Net Profit / Cash Flow $27000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2007
Number of Employees 1 - 3
Inventory 200000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training One Month
Reason for Sale Running Absentee
Description This Fitness Club is an all-adult (age 21 and older) exercise only facility. State of the Art strength and cardio equipment is provided by Life Fitness. The facility is open 24 hours a day, year round. Members get a key fob to place on their key chain, to open the door at any time. Once inside the club, the door closes and locks behind them. A personal trainer is available on a fee for service basis in addition to offering an orientation session for new members for a one time fee of $20. This is a beautifully apppointed fitness center that is exceptionally clean, safe, and convenient. The asking price of $150,000 includes $75,000 of Receivables.
Facilities: This facility is housed in a 4,200 square-foot space in a beautiful shopping center, providing a clean, safe, and attractive environment. They offer the convenience of 24-hour access and parking right in front of the building. All cardio and strengrh equipment is provided by Life Fitness, a division of the Brunswick Corporation. They constantly upgrade the equipment. This facility is leased for $4626 per month. They are on a month to month which may give a buyer a negotiating tool to get a better rent.
Competition: There is competition from other fitness centers, which applies to most facilities. However, they could add classes with instructors such as pilates and cardio. They do have one instructor who offers an orientation session for an additional one time fee of $20 and is available for ongoing personal training on a fee for service basis.
Growth/Expansion: They have not done any meaningful advertising; this business requires advertising to make the phone ring. They currently have around 275 members. For a person familiar with the fitness industry, here is a prime opportunity to grow the business.
Click Here To Contact Seller
|
|
