3-Location Private Fitness Centers

Collin County, TX

3-Location Private Fitness Centers
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Asking Price: Get Financing: $279,000

Cash Flow: $82,808

Gross Revenue: $446,513

EBITDA: N/A

FF&E: $120,000

Inventory: $1,500*

Lease Rate: $1.82 /SF/Month

Established: 2003

*not included in asking price.

3-Location Private Fitness Centers

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Business Description

Prime 3-location fitness center with unique concept unlike any typical gym or fitness center is available for acquisition. These businesses were established originally over a decade ago with the first location being late-2003 and the latest in early-2006. Competition is to be expected for any fitness center in this industry, but these fitness centers have a unique concept that no other fitness related businesses can imitate through typical methods. Most of the customers are upper-class individuals with an even mix of men and women from the surrounding densely populated residential neighborhoods and apartment complexes. Net sales average for the combined locations are $560,000/year that has been steadily increasing with any proactive marketing other than online coupons and word of mouth. Although the online coupons and word of mouth have effectively increases sales, other proactive marketing tactics needs to be fully utilized to generate maximum potential sales and acquisition of untapped customers. There are many ways to proactively market this business such as direct mailing, flyers, add more equipment, monthly subscription discounts, referral discounts, expanding current workout training program and hiring additional trainers. Purchasing new equipment and adding personalized workout routines will help attract many more individuals in the area that is looking for a become more active and healthy. These fitness centers have everything in place for a potential buyer to proactively market in the local area as well as being fully involved in the day-to-day business operations.

Listing ID #000548
For more info, please call Moon Kim at 1-866-519-2421.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,283
Lease Expiration:
N/A
Employees:
2FT/3PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
These businesses are placed in retail strip centers that are optimally placed in areas that has a dense population of individuals that has large amounts of disposable income. All equipment is in impeccable condition and in working order.
Competition:
Few competitors are within the immediate market area of all business locations, but these fitness centers has a unique program that other fitness centers doesn't provide and the routines are created for each individual for maximum results.
Growth & Expansion:
Coupons are used to actively market these fitness centers, but other marketing methods needs to be utilized to generate cash flow and acquire customers as fast as possible.
Financing:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu
Support & Training:
The owner of the business will provide the necessary training needed to smoothly transition into the business operation.
Reason for Selling:
Other Opportunities
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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

www.v-aidgroup.com

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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. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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