Established 24/7 Fitness Center with Strong Member Base

Knoxville, TN (Knox County)

Established 24/7 Fitness Center with Strong Member Base
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Asking Price: $75,000

Cash Flow: $20,000

Gross Revenue: $70,800

EBITDA: N/A

FF&E: $80,000

Inventory: N/A

Rent: $2,834 /Month

Established: 2011

Established 24/7 Fitness Center with Strong Member Base

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Business Description

Turnkey Fitness Center with Tanning

Fit N Fast is an established 24/7 fitness center with a strong member base. We have 4,700 square feet of selectorized equipment, free weights, cardio equipment, and two rooms. One room is dedicated to aerobic exercises, and the other room is matted and dedicated to our Jiu-Jitsu, Kickboxing, Tae-Kwon-Do, and MAA classes. We have a substantial amount of Silver Sneakers members; therefore, that income is always being generated. We have a large parking lot for the members that like to do activities outside. There is room next door for expansion. We have family, couple, and single membership plans. The gym is very clean and friendly for all.

Detailed Information

Location:
Knoxville, TN
Real Estate:
Leased
Building SF:
4,700
Lease Expiration:
8/31/2020
Employees:
0
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All furnishings are included with the purchase: tanning bed, two vending machines, two TVs, computer and software, weights, cardio equipment, selectorized machines, aerobic equipment, and security system.
Competition:
We are located centrally in the community. There is a large marquee sign next to the highway for advertisement.
Growth & Expansion:
There is space available next door for expanding the gym. Additional tanning beds could be added to the facility to generate more income. There could be more classes offered in the matted room. Personal training could be an add on to the membership plans.
Support & Training:
We will train on all aspects of the business.
Reason for Selling:
We are retiring.
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Business Listed By:
Michael McAlister

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