16,000 sq/ft Gym with No Competition, Cash Flowing

Franklin County, NC

16,000 sq/ft Gym with No Competition, Cash Flowing
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Asking Price: $199,999

Cash Flow: $71,500

Gross Revenue: $295,000

EBITDA: N/A

FF&E: $200,000

Inventory: $1,000

Rent: $6,000 /Month

Established: 2013

16,000 sq/ft Gym with No Competition, Cash Flowing

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Business Description

Own this huge gym with a strong following, great reputation, and recurring revenue.

With 1,200 monthly memberships plus additional revenue from tanning, product sales, and room rental, this gym was absentee run until July and stayed profitable.

With no competition for approximately 30 miles and nothing close for diversity of services offered, this gym comes fully equipped with a furniture, fixture, and equipment value that matches the sale price. A buyer couldn't start a gym for the cost of this gym, much less walk into the cash flow and reputation of this facility.

Financial representations are a weighted average of the last 3 years of tax returns. Complete financials available in due diligence.

Complete the "Contact the Seller" box and look for an NDA in your inbox or junk mail. Complete this virtual document and expect a phone call before we release the full business review.

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Detailed Information

Location:
Franklin County, NC
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
16,000
Lease Expiration:
9/30/2020
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Expansive and recently upfit facility with large open gym floor plus separate spaces for martial arts, aerobics, tanning, childcare, management, crossfit, and locker rooms.
Competition:
No competitors like this gym for 30 miles
Support & Training:
Two weeks training included in sale price.
Reason for Selling:
Relocation
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Neal Isaacs, MBA, CBI

Business Listed By:
Neal Isaacs

VR Business Brokers - Raleigh

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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