Profitable hands-off 24/7 Gym with fitness studio.

Mooresville, NC (Iredell County)

Seller Financing Available
Profitable hands-off 24/7 Gym with fitness studio.
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Asking Price: Get Financing: $117,500

Cash Flow: $36,650

Gross Revenue: $139,503

EBITDA: N/A

FF&E: $100,000

Inventory: N/A

Lease Rate: $3,700 /Month

Established: 2010

Profitable hands-off 24/7 Gym with fitness studio.

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Business Description

Only $35k Down - Seller Financing! Awesome Opportunity!

Low maintenance, low overhead, excellent rent, and awesome business. All recently renovated and re-equipped with top of the line equipment in a 6,000' plus gym and studio (plus tanning). This gym is 8 years old and sitting in the center of a rapidly developing area in the North Charlotte region. Owner spends about 30 hours a week in the business, doing a little group training and general oversight. Being that the gym operates 24/7 with keycard entry and security monitoring, there is hardly anything you need to do. Self-run. All top of the line equipment that's meticulously maintained. Eighteen Cardio Machines including treadmills, bikes, rowers, and Stairmasters. Equipment from Life Fitness, Hammer Strength, GP, Power Max, Sorinex, etc.. Group training equipment includes Sornix rack, tons of dumb bells, kettles, slam balls, ropes, etc. A trainer's dream!

Detailed Information

Real Estate:
Leased
Building SF:
6,200
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This pristine gym is divided into two sections: 4,200 feet is dedicated to the 24/7 gym loaded with Life Fitness machines and cardio equipment. The rest includes a well equipped group training room, office/reception and tanning room. Rent is only $7/SF!! Very clean.
Growth & Expansion:
Owner has intentionally resisted hiring trainers as a personal preference. New owner could hire trainers for both personal and group training. Currently no website, and very little social media, or any other advertising being done. Simple marketing into the rapidly growing neighborhoods could quickly grow membership. Huge growth potential as area is being developed.
Financing:
30% Down. 6.5% / 5 yrs
Support & Training:
3 weeks
Reason for Selling:
other interests
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(from currently available funds)
 
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Selena Matthews

Business Listed By:
Selena Matthews

Transworld Business Advisors of Charlott

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Sponsoring Broker:
Jack Sluiter

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