This non-traditional fitness gym offers personal training and boot camp services at an affordable price. The business is located in a brand brand-new 2,600 sq. ft. facility along with a favourable lease agreement in place till January 2025. There is a renewal option for yet another ten years. The fitness facility is fully equipped along with brand brand-new equipment currently valued at approximately $120,000. There is huge potential for growth along with annual revenues expected to surpass $300,000 by 2018.
This turn-key operation opportunity is ideal for a smaller fitness franchise looking to expand or an entrepreneurial individual along with interest in the industry. This is the owner’s second fitness facility, along with a similar concept business operating in a neighbouring region under the same name. As such, this is ideal for a person who wishes to purchase the client list and facility and re-brand the business.
The facility caters to individuals of all ages, yet a large portion of customers are between the ages of 31 to 50. Clients tend to be loyal and usually consistently remain along with the business for between 8 to 12 months. The owner has actually found online marketing through e-mail campaigns and social media to be beneficial when acquiring brand-new clients. The facility is located in a growing community that is becoming more involved with
The business can be purchased for $20,000 cash down along with the balance financed over 10 months along with monthly payments of $15,000 towards the current owner’s small business loan. Loan to be assumed by purchaser.
Asking price: $20,000
Maintainable revenue: $198,800
Maintainable normalized earnings: $31,000
FF&E (book value): $120,000
Asking Price Range: < $250K
Gross Revenues: $198,000
Cash Flow: $31,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Not Disclosed
Year Established: 2015
Number of Employees: 10 – 19
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Leased