43238-KA Independent Fitness Center in Richmond, VA for $45,000

Richmond, VA (Richmond City County)

43238-KA Independent Fitness Center in Richmond, VA for $45,000

Asking Price:$45,000

Cash Flow:$40,000

Gross Revenue:$75,000

EBITDA:N/A

FF&E:$25,000

Inventory:N/A

Established:2007

43238-KA Independent Fitness Center in Richmond, VA for $45,000

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Business Description

Small, local, non-franchise fitness center. Full service, 24 hour access. Group fitness studio, weight machines, free weights, dumbbells, multiple cardio machines. On three levels in great building in growth area of city. Many apartments and condos in walking distance. Corporate contracts in place.

Detailed Information

Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Well established business. Started in 2007. Current owner has owned for less than six months. Need to sell due to family obligations.
Competition:
No competition in area. Only one other gym in this part of town.
Growth & Expansion:
Unlimited growth potential. Many apartments and condos within walking distance. Close to VCU campus and thousands of students.
Support & Training:
2 weeks
Reason for Selling:
other interests

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Russell Fergusson

Business Listed By:
Russell Fergusson

Transworld Business Advisors of Richmond VA

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Sponsoring Broker:
Transworld Business Advisors CEO, Rupesh Bharad

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