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Established & Well-Known Functional Fitness Gym

Alexandria, VA (Alexandria City County)

Seller Financing Available
Established & Well-Known Functional Fitness Gym
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Asking Price: $89,000

Cash Flow: $68,615

Gross Revenue: $465,833

EBITDA: N/A

FF&E: $15,000

Inventory: $1,500*

Rent: $13,323 /Month

Established: 2007

*not included in asking price.

Established & Well-Known Functional Fitness Gym

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Business Description

Great opportunity to take over an established and well-known functional fitness gym in Alexandria, Virginia. The business is part of a reputable and well-branded franchise that caters to individuals looking for a variety of different workout options under one roof. The gym is located in an affluent and densely populated area with a healthy membership roster of over 700 individuals. There is an established team of trainers and other key staff in place which will help with the transition to a new owner.

The gym has a stellar reputation in the area which is backed up by top notch reviews on many popular online platforms. There is room for expansion as demand for services is strong and the membership has been steadily growing. The location is surrounded by a mix of residential and commercial centers which allows for a reliable flow of members throughout the day and on weekends. The gym generates over $35K a month in recurring revenue from the EFT membership base and this figure is on the rise as well.

The current ownership is absentee as they had several locations, each with a manager. The cash flow claimed is based on a buyer being an owner operator replacing the manager who wouldn’t be needed. The current owners have decided to pursue other business interests, so this presents a unique opportunity to take over a turnkey gym in an established market allowing the buyer to decide how involved they want to be in the day to day operations and growth of the business which has lots of potential, especially for an owner operator. Don’t let this opportunity pass you by!

Detailed Information

Location:
Alexandria, VA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,500
Lease Expiration:
8/31/2019
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The gym occupies a 3,500 square foot space with prime retail storefront visibility and is situated on a main thoroughfare in Alexandria, Virginia. The space has been nicely built out within a recently constructed development with a combination of group and private workout spaces featuring free weights, cardio and other workout equipment.
Competition:
There is standard competition for the market, but this gym focuses on functional fitness with classes that are offered in several unique disciplines. This business serves a key niche between the small, boutique gyms and the big box operations.
Growth & Expansion:
There is opportunity for growth and expansion. A new owner might consider implementing new marketing and advertising initiatives to create awareness about the gym. There is also potential to relocate to a larger facility and bring on more trainers and staff.
Financing:
Available depending on the final purchase price, terms and qualifications of buyer.
Support & Training:
Seller will offer necessary training and support. Franchise training is available as well.
Reason for Selling:
Owner pursuing other business interests.
Franchise:
This business is an established franchise
Business Website:
http://www.horizonbrokers.com
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(from currently available funds)
 
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Dustin Zeher, CBI

Business Listed By:
Dustin Zeher

Horizon Business Brokers, LLC

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