Profitable Fitness Gym with 3000+ Members and $1M Revenues

Santa Clara County, CA

Profitable Fitness Gym with 3000+ Members and $1M Revenues
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Asking Price: $325,000

Cash Flow: $159,152

Gross Revenue: $987,532

EBITDA: N/A

FF&E: N/A

Inventory: $5,000

Rent: $31,500 /Month

Established: 2014

Profitable Fitness Gym with 3000+ Members and $1M Revenues

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Business Description

Buy this newer, profitable fitness gym for a fraction of the original $2M+ invested. Start day one with over 3000 paying members and nearly $1M in annual revenues. Bright, clean, high energy atmosphere. All the latest equipment with fresh renovations and paint. Great location in higher income, family friendly neighborhood with favorable demographics. This gym is over 14,000 sf big with cardio, weight machines, free weights, group classes, spin, zumba, yoga, stretch, kickboxing, personalized training, and much much more. Extras include child care, tanning, and nutritional product sales. Easy access to freeways and nearby mall. Highest gym yelp rating in the area. Accommodating franchisor will waive the transfer fee. This highly ranked Entrepreneur's Magazine franchisor offers extensive support including ongoing training, CRM, social media, and IT infrastructure. Absentee owners are looking for a buyer to take this opportunity to the next level. Other gyms in the franchise have 5000+ members with $2M revenues and $500k net. Priced to sell OBO. #8678

Detailed Information

Location:
Santa Clara County, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
14,856
Lease Expiration:
2/28/2022
Employees:
11
Competition:
Highest Yelp rating for any gym in the entire area. No other gyms within ten minutes or 3.7 mile drive away. Demographics based on 2014 estimate:-0-1 mile: 13,046 people-0-2 miles: 54,358 people-0-3 miles: 133,316 people-0-4 miles: 237,106 people
Growth & Expansion:
Absentee sellers say they have yet to realized the full potential of this gym. Owners feel that a local owner-operator could easily reach 5000 members. Other gyms in the same franchise with 5000 members net $500,000+ per year.
Support & Training:
On-site. 1 Week
Reason for Selling:
Absentee owners looking to pass the baton.
Franchise:
This business is an established franchise
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Michael Floorman

Business Listed By:
Michael Floorman

BTI Group Inc.

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB).

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