Profitable Gym/Health Club For Sale

Bay County, FL

Seller Financing Available
Profitable Gym/Health Club  For Sale
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Asking Price: Get Financing: $199,000

Cash Flow: $64,024

Gross Revenue: $438,000

EBITDA: N/A

FF&E: $130,000

Inventory: $1,200

Lease Rate: $9,600 /SF/Month

Established: 2009

Profitable Gym/Health Club For Sale

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Business Description

Motivated Seller- Great opportunity for tune key Gym

AMAZING OPPORTUNITY TO OWN A 25000 SQFT ESTABLISHED HEALTH CLUB. If you plan to just own or owner operate this club it is in a great position to just step and start making money. It has tones of feature and a strong foundation in the community. It is the largest 24 hour club in the market with the only outside workout features. The club currently has around 1500 active members and offers bootcamps, boxing, and personal training in additional to a membership. The club itself has racquetball, boxing, Spinning, lot of group fitness classes, and tons of free weights cardio, and pin select equipment. This is truly priced to sell so the owner and focus on his other business in his area in which he lives

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
25,500
Lease Expiration:
9/30/2025
Employees:
19
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
25,500 square foot club with a great lease with option up to another 7 years. Facility includes boxing, group fitness, racquetball, Spinning, kids club and additional outside workout area. The club features 2 saunas and 2 steamrooms. Sale includes all equipment and furniture.
Competition:
This is an open market with only one direct competitor that offer close to the same as this business, but is not 24 hour and our price points are better.
Growth & Expansion:
With the club there are additional offices and another 3000 sqft space that is not being utilized and a smoothie bar area. We were looking to sublease to a smoothie bar but build a pro-shop. The 3000 sqft area was going to be turned into a bootcamp/crossfit area. Outside the club the marketing opportunity is endless. We put strong energy on people vacationing this year and made an addition $7K in guest fees over the summer and we barely tapped that market.
Financing:
Open to Financing with approved buyer
Support & Training:
2 weeks of training and the option to keep the current manager on staff
Reason for Selling:
Geographic location and expansion of other business
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Business Listed By:
Jeremy Parker

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