Private Fitness Center in North

Dallas, TX (Dallas County)

Private Fitness Center in North
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Asking Price: $99,000

Cash Flow: $52,282

Gross Revenue: $137,198

EBITDA: N/A

FF&E: $40,000

Inventory: $500*

Established: 2006

*not included in asking price.

Private Fitness Center in North

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Business Description

Independent fitness center with a unique concept unlike any other typical fitness center placed in Northwest Dallas is available for acquisition. This low overhead, highly profitable business was originally established over a decade ago in 2006 by the current owner of the business. Competition is expected as this is a large industry, but this business isn't like other typical fitness centers with just equipment and has a built-in training program that will maximize results. Most of the customers are evenly split between both men and women that live nearby in the densely populated residential neighborhoods as well as apartment complexes that have a monthly membership subscription. Current annual revenues are running at around $150,000-155,000/year which was generated with minimal marketing done except through word of mouth and online coupons. Although some marketing is done by social media outlets and coupons, other marketing tactics needs to be fully utilized to reach the untapped customers within the area and generate more cash flow to grow the business. There are many ways to proactively market this business such as direct mailing, flyers, add more equipment, monthly subscription discounts, referral discounts, expanding current workout training program and hiring additional trainers. Purchasing new equipment and adding personalized workout routines will help attract many more individuals in the area that is looking for a become more active and healthy. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operations.

Listing ID #000547
For more info, please call Moon Kim at 1-866-519-2421.

Detailed Information

Location:
Dallas, TX
Inventory:
Not included in asking price
Employees:
1FT/1PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located in a 2,957 SF retail strip center surrounded by many apartment complexes and densely populated residential neighborhoods. All equipment is in impeccable condition and in working order.
Competition:
Few competitors are within the immediate market area, but this fitness center has a specialized program that other typical gyms don’t provide.
Growth & Expansion:
Some marketing is done through coupons and social media outlets, but other forms of proactive marketing that is available needs to be utilized to generate more cash flow and acquire untapped customers.
Financing:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu
Support & Training:
The owner of the business will provide the necessary training needed to smoothly transition into the business operation.
Reason for Selling:
Other Opportunities
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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

www.v-aidgroup.com

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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