Profitable Branded Fitness Business-Three Locations-Two States

Providence, RI (Providence County)

Profitable Branded Fitness Business-Three Locations-Two States
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Asking Price: $1,229,000

Cash Flow: $413,733

Gross Revenue: $3,161,322


FF&E: $480,000

Inventory: N/A

Established: 2004

Profitable Branded Fitness Business-Three Locations-Two States

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Business Description

Major regional fitness brand now exclusively listed. Annual revenues exceeded $3,161,322 in 2017 with adjusted Owner’s Earnings at the $413,733 plus level.

The business is a widely respected multiple location fitness brand with very clean and well managed facilities. The locations have all kept current with fitness industry programs (group and individual) as well as equipment. This business is a very known brand in Rhode Island and Southern Massachusetts. The brand has consistently responded to market conditions and currently has over 5,300 members.

The company has over 22,000 email contact names and a enewsletter with above industry average click through rate.

It is very rare that a fitness business of this financial size and membership level is offered for sale in this geographic market.

The largest of the three gyms is located across from a Town Hall overlooking a river and the Rhode Island location is within steps of a major university.

Multiple locations of this company are owned by the operating fitness business owners who will remain as landlords to the new owner.

Over 60,000 SF of high quality fitness areas combined in the four locations including group training and equipment areas.

Sale includes over $480,000 in equipment assets(fair market value). Valuation based on low multiples of earnings and conservative equipment values.

Who should buy this business?

Strategic buying seeking expansion at a very competitive price in the Southern Massachusetts and Rhode Island markets.

Fitness industry professional ready to "graduate" to their own fitness business.

Credit strong cash flow buyers seeking high cash flow at competitve multiple.

Very good quality financial statements.

Serious inquiries only please.

Executive summary available for qualified buyers.

Detailed Information

Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Four separate facilities. Two leased from third parties, two owned by principals.
The competitive environment is two fold-Smaller gyms not offering range of programs and equipment. Larger "big box" branded fitness chains who often compete on membership price and lacking the range of programs and services.
Growth & Expansion:
Grow Corporate and Municipal clients. Further leverage 22,000 email contacts via content rich newsletter and marketing. Increase SEO marketing. Enhance mobile version of website.
Support & Training:
Two weeks management transition. Willing to consult longer term subject to definitive agreement and if no conflict with SBA lending by Buyer.
Reason for Selling:
Other non competing business interests.
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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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