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Fitness Business-Fourteen Years of Operation-Price Decreased 15%

Warren, RI (Bristol County)

Fitness Business-Fourteen Years of Operation-Price Decreased 15%
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Asking Price: $419,050

Cash Flow: $149,307

Gross Revenue: $465,903

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2006

Fitness Business-Fourteen Years of Operation-Price Decreased 15%

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Business Description

Fitness business with over five hundred members. Very well organized facility with eight personal trainers in a professionally maintained 7,000 sf two story building. Trainers pay rent to business owners. Near major college and located across from corporate park. Price increases in 2019 contributing to higher financial performance.

Above average cash flow to improve as two equipment leases of $33,000 combined end over the next two years. One lease for $8,816 annually ends this September. The second lease ends in October 2020 and will be assumed by new Owner.

This is a community as much as a business.

Unique fitness model with multiple third party tenants paying approximately $27,000 annually of rent.

Who should buy this business?

Strategy operator seeking expansion into attractive Newport County.

Fitness professional ready to"graduate" to their first acquisition and obtain control
of their career.

Detailed Information

Location:
Warren, RI
Employees:
2
Facilities:
7,000 sf two story facility.
Competition:
Smaller private gyms and a larger branded gym lacking the characteristics of this fitness business.
Growth & Expansion:
Corporate Wellness programs, senior fitness, and enhanced marketing and branding campaign.
Support & Training:
Two weeks management transition. Will then stay on as personal trainer.
Reason for Selling:
Retirement
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Robert Flynn

Business Listed By:
Robert Flynn

United Brokers Group LLC

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Memberships & Certifications:
Indicates membership in The New England Business Brokers Association (NEBBA).

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