Price Reduced for Quick Sale! Women’s Only Fitness Studio

UT

Seller Financing Available
Price Reduced for Quick Sale! Women’s Only Fitness Studio
Contact Seller

Asking Price: $47,500

Cash Flow: N/A

Gross Revenue: $535,200

EBITDA: N/A

FF&E: $80,000

Inventory: $2,000

Rent: $17,106 /Month

Established: 1997

Price Reduced for Quick Sale! Women’s Only Fitness Studio

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Business Description

Large Membership Base - Motivated Seller

These two Fitness Studios have been providing training and conditioning
tailored to women in a comfortable and safe environment for twenty years. This
business consists of two fully equipped facilities, both offering group classes as
well as individualized training conducted by certified staff. The membership
bases consist of approximately 2,000 monthly EFT members making this a
unique opportunity to purchase two completely equipped, fully operational
fitness gyms at a fraction of the cost to open them from the ground. Although
the gyms are currently female focused, the facilities as well as the equipment
offer the opportunity to convert to a coed gym if desired by the new owner. This
is an ideal opportunity for a first-time gym owner or an existing owner looking to
expand their footprint and membership base.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
7,200
Lease Expiration:
N/A
Employees:
22
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Both gyms are equipped with top of the line equipment including: Cybex, Paramount, Matrix and Precor machines. The gyms provide ample space for machine equipment and free weights. The gyms also include aerobic equipment of all varieties as well as kinetic equipment and boxing. All equipment is routinely maintained, recently updated and in good working condition. Both facilities offer daycare and tanning. Building leases are in place, with an option to own one of the locations if desired. Most importantly both locations have great visibility and ample parking and are each situated in growing neighborhoods with ideal demographics. • Monthly Membership Creating a Stable Recurring Revenue Stream • Large Membership Base • Favorable Long- Term Lease with Space and Ample Parking for Additional Members • Current Owners Minimally Involved in the Business • Favorable Local Demographics • Loyal Customer Base • Fun Work Environment with a High Level of Employee Satisfaction • Seller Financing Available to a Qualified Buyer • Service Based Business with Minimal Cap X and Low Fixed Costs • Option to Purchase the Real Estate
Competition:
Competition exists, but this is the only gym of its kind in the immediate area and members continually renew their memberships due to the specialized atmosphere.
Growth & Expansion:
• Offer More Personal Training • Partnerships with Area Businesses • Currently Open Time Slots Could be Used for Specialty Classes • More Focus on Beginner Programs • Add Additional Fitness Activities and Personal Services
Support & Training:
2 weeks
Reason for Selling:
retiring
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Contact the Seller

(from currently available funds)
 
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Ann Ashby

Business Listed By:
Ann Ashby

Transworld Business Advisors of Utah

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Sponsoring Broker:
Saul Komisar

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