Successful Fitness Center with Over 3500 members for Sale

Glen Allen, VA (Henrico County)

Seller Financing Available
Successful Fitness Center with Over 3500 members for Sale
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Asking Price: $375,000

Cash Flow: $122,000

Gross Revenue: $646,000

EBITDA: N/A

FF&E: $225,000

Inventory: N/A

Rent: $10 /Month

Established: 1987

Successful Fitness Center with Over 3500 members for Sale

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Business Description

This successful fitness center has been in business for over 25 years. Convenient location with great demographics have fueled growth and continued success. This locally owned and operated business presents a compelling opportunity for a buyer to acquire an established business with over 2,000 loyal members, high quality instructors, state-of-the-art facilities and equipment in a desirable location. Books are in order, website is fully developed, SEO is strong, scheduling systems are in place and trainers are excellent. This turnkey business offers an excellent opportunity for an entrepreneur to walk in and immediately take this business to the next level. This is an incredible opportunity to own a vibrant, well-established fitness club.

Detailed Information

Location:
Glen Allen, VA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
15,000
Lease Expiration:
5/17/2019
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Beautifully well maintained facilities in a premium shopping center. All equipment is in excellent condition and the gym is fully loaded with everything a member could want.
Competition:
No in-kind facility for 5 miles. Owner has a monopoly on this niche of the fitness industry.
Growth & Expansion:
There are opportunities to expand which we will fully discuss with prospective buyers.
Financing:
Negotiable
Support & Training:
Owner is a fitness industry pro, and will guide a new owner to success, staying on as long as needed
Reason for Selling:
Retirement
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Michael Mitchell

Business Listed By:
Michael Mitchell

Business Research Group, LLC

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