Well Established Fitness Center
Services - Health, Medical & Dental | Services - Membership Organizations
Asking Price  | $199,000 | Inventory | $4000* |
|---|---|---|---|
| Gross Income | $242,500 | Real Estate | |
| Cash Flow | $78,703 | Year Established | 1995 |
| FF&E | $130,000* | Employees | 2 |
Facilities: The facility is approximately 13,500 square feet of space on a main thoroughfare. The center has a check-in counter, a large area for its cardio, circuit training and free weights, a separate ladies only fitness room, a tanning salon, men and women s locker rooms and an additional space that could be used for fitness classes. The building that the center is located in can also be purchased separately and has additional 1,700 square feet of space that is leased to others retail businesses.The owner has recently drastically reduced the price of this fitness center making it an extremely attractive purchase. The fitness industry continues to benefit from a health and weight conscious nation and the industry is projected to grow by 25% over the next two years. This well established fitness center has been in businesses for 15 years and provides its members of all fitness levels to complete their exercise routines with its free weights, circuit training and cardio equipment. Additional services include personal trainers, a ladies only fitness room, tanning, protein shakes and locker rooms. This center has very loyal cliental and currently has active membership of about 630 members. The center is fully equipped with well maintained equipment and is a turnkey operation. This makes it a fantastic opportunity for an owner operator with an entrepreneurial spirit.
Competition: There are other centers in the area, but this center has very loyal members.
Growth/Expansion: There are many avenues for growth of the business. The owner is not currently marketing the business or having membership drives. A new owner should be able to increase membership through a variety of marketing initiatives. The last time the owner had a membership drive it was very successful. The addition of fitness classes, yoga classes, massage and retail merchandising could add ancillary revenue streams to further boost the cash flow of the center
Support/Training: The seller will provide transitional training and support. Also, since the seller will also be the center s ongoing landlord, the seller will have a vested interest in the ongoing success of the center and will be available long-term to help the buyer.
Reason Selling: Other Interests
While owning a fitness center is not part of the original personal training company, I feel that having their own center could be beneficial. This facility could be used to build a flagship location that exemplifies all the mission, values and goals of the company. This facility could also be used as a training facility for all new staff members.
Having a background in the fitness industry would help to better organize the facility in a fashion that is desirable to clients and members. With years of experience working in the field and actually using the facility as a member, you begin to realize what works and what does not work in a fitness center. You also know what people are truly looking for.
The main obstacle would be to find out what really made the current owner want to sell the business and to be able to let the community know that we are a NEW business with a NEW business model and idea for the facility. We would need to be sure to break away from whatever held the previous owners back and to move forward with our own name and reputation.
Financing for this existing business could be obtained through more business loans, through the profit from the existing personal training business, or possibly through buying the business with a business partner.
