Listing ID: 73402
This Fitness Facility offers a wide variety of cardio and weight training equipment, full body circuit training, and a large selection of free weights. This fitness facility offers something to its members at all levels of fitness training. The operation provides options from personal to small group training, competition level body building, to active senior programs including the Silver Sneakers and Silver & Fit. Group exercise includes options in Boot Camps and Zumba alike.
The business offers memberships tailored to multiple levels of members fitness focuses. The low cost of memberships makes this business very attractive to all levels of the surrounding market.
- Asking Price: $250,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $54,000
- Inventory: N/A
- Inventory Included: Yes
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,909
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Well Established in the Sunbury market with a total of 4,909 SF of use space. Location has tons of shared parking and is anchored by Kroger. Shopping center is primary retail outlet for immediate and surrounding markets. Fitness facility offers full range of options including Cardio, Free Weights, Individual and Group Training, Zomba!, Silver Sneakers, and much more.
Owner will provide some transitional training.
Owner is absentee
Little to no competition in the immediate market. This is the only gym available in the area.
Option to increase memberships and different level of private training and group classes.
The company was started in 2019, making the business 3 years old.
The business has 4 employees and resides in a building with approx. square footage of 4,909 sq ft.
The building is leased by the business for $8,788 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell businesses. Nevertheless, the true reason vs the one they say to you may be 2 absolutely different things. As an example, they may state "I have a lot of various commitments" or "I am retiring". For many sellers, these factors stand. But, for some, these may simply be reasons to try to hide the reality of changing demographics, increased competitors, recent decrease in profits, or a range of various other factors. This is why it is really crucial that you not rely absolutely on a vendor's word, but instead, make use of the vendor's answer along with your general due diligence. This will paint a more sensible image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Many companies take out loans in order to cover items such as inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can indicate that revenue margins are too thin. Many companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that should be fulfilled or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location bring in new customers? Most times, companies have repeat clients, which develop the core of their everyday revenues. Particular factors such as brand-new competitors growing up around the area, road building, and also personnel turn over can affect repeat consumers as well as adversely affect future profits. One important thing to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business regularly, the higher the possibility to develop a returning consumer base. A last thought is the general location demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? Exactly how might the neighborhood median house income influence future income potential?