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Multi Purpose Fitness Center (Price Includes Real Estate)

MA

Multi Purpose Fitness Center (Price Includes Real Estate)
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Asking Price: $2,900,000

Cash Flow: $345,000

Gross Revenue: $1,111,000

EBITDA: $345,000

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: N/A

Multi Purpose Fitness Center (Price Includes Real Estate)

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Business Description

Long-tenured, true multi-purpose health club located in Massachusetts is available for sale. The Company has established a strong reputation in the area and long term membership base. Revenue for the 2018 was $1.11 million with adjusted SDE of $345,000. Strong systems and financial record keeping are in place. Owners, who only handle back office duties and strategic guidance, are selling because they are seeking a change after a number of years of owning this facility.

The Company consists of one multi-purpose club in the Massachusetts serving over 2,200 members. The club offers a full spectrum of health services and programs ranging from up-to-date fitness equipment, group exercise classes, personal training, pool and childcare facilities. The revenue mix across all categories has been consistent for the past few years.

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
42,000
Employees:
28
Facilities:
The property comprises about 6 acres of land and a 42,000 SF club located on a very high traffic road near major retail establishments. The club has flexible use space and has been well maintained over the years with the opportunity to expand/remodel service offerings. The property is large enough to expand develop. All equipment is in good condition and well maintained.
Growth & Expansion:
Besides the opportunity to expand the facility, fitness-related activities such as large/small group personal training, boot camps, Pilates and youth/sports performance training would synergistically fit the Company’s current offering.
Support & Training:
Reasonable transition period.
Reason for Selling:
Long-term ownership seeking a change
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(from currently available funds)
 
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Justin Lundberg

Business Listed By:
Justin Lundberg

MOK Capital Advisors

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Sponsoring Broker:
Michael O'Koomian

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