Reduced - Profitable Fitness Center in Great Location

Oak Ridge, TN (Anderson County)

Reduced - Profitable Fitness Center in Great Location
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Asking Price: $495,000

Cash Flow: $206,627

Gross Revenue: $520,472

EBITDA: N/A

FF&E: $226,279

Inventory: $1,500

Rent: $8,500 /Month

Established: 2011

Reduced - Profitable Fitness Center in Great Location

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Business Description

Approximately 2K members with contracts in place!

Ready to own a successful business and also get the satisfaction of helping people become healthier and more fit? This profitable fitness center is a perfect for an active or a semi-absentee owner. Located in Anderson County, the fitness center has an established and growing membership with a good team in place. Aggressive membership strategies, excellent ratings and great reputation, the owners have already set themselves apart, receiving recognition for their success from the franchise. The business is producing cash flow in excess of $15K/month and growing. Perfect for an investor looking to get into a cash positive, thriving business without waiting the 10-15 months to invest, build out and attract initial members. Membership has increased over 15% in the past few years.

Detailed Information

Location:
Oak Ridge, TN
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,500
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Facility space is a 5,500 sq ft commercial building. A well designed build out, this facility includes quality room for cardio workout (1/3 of space), cable equipment (1/3) and free weight section (remaining 1/3). The business location is off a very busy road that carries over 25,000 vehicles per day.
Competition:
There are other gyms and fitness centers in the area. However, this business has built and maintained a great membership base of loyal clients. Be part of a large network of a recognizable and respected brand name!
Growth & Expansion:
To take the business to another level, additional personal trainers would be recommended. Anderson County is an aging population and working community - people are requesting for more personal training. Group fitness training could also be expanded with more class time options, which would boost revenues and profits exponentially.
Support & Training:
Owner will provide support and training for mutually agreeable time period. Corporate office provides additional training and ongoing support.
Reason for Selling:
Other Business Interests
Franchise:
This business is an established franchise
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Doug Kose

Business Listed By:
Doug Kose

Transworld Business Advisors of Knoxville

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