Seller Financing Available
Profitable 24-Hour Fitness Center and Gym
Pregnancy forces sale! Must sell ASAP!
Las Vegas, NV
This business WILL be sold regardless of the price. If you are even remotely interested, please make an offer. We have sold many businesses and we will not be insulted by a low offer. The best offer received over the next few weeks will take this business!
This business is not a franchise. Most fitness center offerings in this price range are franchises whereby you end up owning all of the business liabilities but the assets of the business are owned by the franchisor; this is true of all gym franchise arrangements. In a franchise, the franchisor owns all of the copyright and trademark value (name brand) as well as your members and the payments they make for their memberships each month.
This business is free and clear of all debts. All trade fixtures are owned outright by the business, meaning that you will be saving the $5,000 - $11,000 per month in equipment financing payments typical of most gyms for sale. This fact alone will save you over $300,000 versus opening a brand new location and having to purchase all of the trade fixtures. This business has no debts or capital leases; you will own 100% of this business and all of the equipment!
This business features top quality fitness equipment, a large and loyal membership base, personality, and a state of the art surveillance system to ensure member safety, even during unstaffed hours at the club. The club was founded at the end of January, 2010 and is barely two years old. Despite the short time this business has been around, it boasts a significant and growing profit margin. The club currently has 734 members on monthly recurring membership payments. The recurring Gym Membership Fees alone represent approximately $214,000 per year in revenue.
The business has a very low fixed operating cost. Despite a rapidly growing bottom line, the expenses of this business will barely change. The most significant expenses, such as rent, insurance, and payroll are fixed thereby assuring that you will continue to enjoy a growing profit margin! Another key aspect of this fitness business, is that costs don’t fluctuate month-over-month, no matter what time of year, the expenses stay low and relatively stable. This is an ideal business for an absentee owner or investor who doesn’t want to worry about the day-to-day operations.
This business is absolutely state of the art when it comes to technology and governance. Systems are in place to allow an absentee owner to monitor every aspect of the business from anywhere in the world. The business owner receives daily e-mailed financial reports showing the daily and monthly sales totals and financial progress of the business. In addition to the daily financial reports, the owner has a comprehensive and secure financial dashboard that can be accessed from anywhere in the world. In fact, the owner of this business lives in San Francisco and rarely ever visits! The club also boasts a state of the art surveillance system which allows the owner to connect to the high-definition cameras and view the business from anywhere in the world with an internet connection. The surveillance system also features apps for both the iPhone and the iPad to make remote viewing even more convenient! The club currently occupies 4,236 square feet and every square foot is filled with top of the line fitness equipment.
Additionally, we are including a full set of gym equipment that we purchased to open a second location. Everything from equipment to CCTV system and office supplies.