Fitness Club-1,000 Members-Must Relocate or Acquire RE

North Kingstown, RI (Washington County) (Relocatable)

Fitness Club-1,000 Members-Must Relocate or Acquire RE
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Asking Price: $240,750

Cash Flow: N/A

Gross Revenue: $407,303


FF&E: $45,000

Inventory: N/A

Real Estate: $2,170,000*

Established: 1979

*not included in asking price.

Fitness Club-1,000 Members-Must Relocate or Acquire RE

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Business Description

Fitness club with forty years of operation. Approximately 1,000 members of which 90% are EFT. Detailed equipment list.

Buyer must either purchase real estate for $2,170,000 via North Star Realty or relocate the fitness business. Very recent third party real estate appraisal supports asking price.

The business is currently unprofitable as structured but a Buyer with a different strategy might be able to achieve better results if they grow the business and also acquire the real estate. This is potentially an interesting margin contribution transaction for a fitness club business in the same market as this club plus the benefits of obtaining the well maintained equipment assets.

Contact us for more detailed information on this business including a detailed equipment list.

Detailed Information

North Kingstown, RI
Real Estate:
Not included in asking price
Building SF:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Two story 27,439 sf concrete building with seventy parking spaces. Racquetball and basketball courts. Walls between workout areas and courts can be removed.
Competitive environment includes similar size, or smaller, fitness companies (regional brands, not large national brands ) and the YMCA.
Growth & Expansion:
Initiated a margin improvement strategy, grow spin, expand yoga, and review pricing strategy.
Support & Training:
Two weeks management transition. May then consult subject to definitive agreement.
Reason for Selling:
Other non competiting business interests.
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Contact the Seller

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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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Demographic Information


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