Fitness Center with Unique Niche For Sale

Richmond, VA (Chesterfield County)

Seller Financing Available
Fitness Center with Unique Niche For Sale

Asking Price:$96,000

Cash Flow:$48,000

Gross Revenue:$130,000





Fitness Center with Unique Niche For Sale

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Business Description

This fitness center is located in a great location. There are no month to month memberships, all clients sign on for one to three years.

The business focuses on a unique offering for a specific clientele and as a result there is no direct competition within a 5 mile radius, the primary target market.

Group classes with strong guidance and accountability inspire clients to become better versions of themselves resulting in high self esteem & increased confidence. Classes are held in a supportive group environment that are high impact and yield big results. The business offers several group fitness classes for every fitness level. Semi-private classes are available for those desiring more personal instruction.

Detailed Information

Included in asking price
1 FT 6 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
The center occupies 3260 sq. ft. of space with two rest rooms, storage rooms, and a large open area space for classes. Rent is fixed at $1,900/mo plus CAM.
The fitness center has a unique business model that allows it to occupy a niche space in the fitness industry. As a result there is no direct competition within a 5 mile radius, the target market for the center.
Growth & Expansion:
The business is growing and will continue to grow in the near future as baby boomers have been returning to gyms as the recession comes to a halt. Solid growth is expected for the next three years.
limited financing available
Support & Training:
The owner will stay on for 6 months if desired, and will teach classes during that time to ensure a smooth handoff.
Reason for Selling:
Other business interests.

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Michael Mitchell

Business Listed By:
Michael Mitchell

Business Research Group, LLC

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