Listing ID: 81051
Ten year old health and fitness center open 24/7 with strong and loyal customer base. This center has top personal trainers, fun fitness classes, member tanning, Infared Sauna, sports nutrition/diets, sport supplements, and a smoothie bar. Focus of the club is to work with professional and non-professional athletes as well as mainstream members.
Gym equipment is very high quality and continuously maintained. This state-of-the-art health club is completely turnkey and if you’re looking for the perfect entry to a profitable fitness center, this is for you. EMAIL NOW before it is gone! For quickest response to your inquiry, please call listing broker Larry Goldstein (RE# S.0188852; Business Broker Permit# BUSB.0007059) at 702-546-8844 or email firstname.lastname@example.org.
- Asking Price: $575,000
- Cash Flow: $227,041
- Gross Revenue: $393,840
- EBITDA: N/A
- FF&E: $225,000
- Inventory: $2,000
- Inventory Included: N/A
- Established: 2011
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:6,300
- Lot Size:N/A
- Total Number of Employees:21
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 6,300 square feet with a Total Rent of $14,395. Lease ends 3/2026 with a one 5 year lease option. Seller is active in the business with 4 FT employees, 2 PT employees and 15 Independent Contractors. Hours of operation are 24 hours a day, 7 days a week. $2,000 in Inventory is not included in asking price and $225,000 in FF&E included in Asking Price. $124,369 made in Leasehold Improvements.
Expanding with second location
The venture was started in 2011, making the business 11 years old.
The sale doesn't include inventory valued at $2,000*, which ins't included in the listing price.
The business has 21 employees and is located in a building with approx. square footage of 6,300 sq ft.
The real estate is leased by the company for $14,395 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell operating businesses. However, the true factor vs the one they tell you may be 2 completely different things. As an example, they may state "I have too many various responsibilities" or "I am retiring". For many sellers, these reasons are valid. However, for some, these might just be reasons to attempt to hide the reality of changing demographics, increased competitors, current decrease in revenues, or a range of other reasons. This is why it is extremely vital that you not count totally on a vendor's word, yet instead, make use of the seller's answer along with your general due diligence. This will paint a more realistic picture of the business's current scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Many companies take out loans so as to cover points like supplies, payroll, accounts payable, etc. Remember that in some cases this can suggest that profit margins are too tight. Many businesses fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that should be satisfied or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in new consumers? Many times, operating businesses have repeat customers, which develop the core of their daily revenues. Particular variables such as brand-new competition growing up around the area, roadway construction, and staff turnover can impact repeat customers as well as adversely influence future incomes. One crucial point to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Clearly, the more individuals that see the business often, the higher the chance to construct a returning customer base. A final thought is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the outskirts of town? Just how might the local median home earnings impact future revenue prospects?