Successful Major Franchise Fitness Center for Sale

Delaware County, PA

Seller Financing Available
Fitness Center in South East PA by ASPIRA Brokers
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Asking Price: Get Financing: $500,000

Cash Flow: $175,000

Gross Revenue: $1,000,000

EBITDA: N/A

FF&E: N/A

Inventory: $2,500*

Lease Rate: N/A /SF

Established: N/A

*not included in asking price.

Successful Major Franchise Fitness Center for Sale

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Business Description

Owners want to price this gym to move quickly. All offers will be entertained. Owner has very personal reasons for selling.
This fitness and personal training club serves a diverse blue and white collar area in Eastern PA. About 20% of the more than 2,000 member gym is in a personal training contract. Revenue is very strong due to high percentage of members in personal training agreements. The gym is located in a beautifully updated strip mall. Plenty of space to add sub-tenants such as chiropractors, massage therapists, nutritionists, pro-shop retailer, and other similar businesses. Easy conversion available for turf area and group training sessions.
The business is family run. The owners are either retiring or has multiple gyms and is re-investing in a more localized area. One owner manages this gym with about 25 hours of time. The ideal buyer is looking to buy one or more existing, cash flowing franchise fitness centers. The owners are happy to sell them off individually. If you’re interested, both gyms would cash flow a little more than $400,000 and asking $1.1M for both. This fitness center is SBA approved; we expect working capital and loan closing costs will be wrapped up into the loan. Email or call us to learn more.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Facilities:
The facilities are kept like new and clean. All equipment is either well-maintained or updated to newer equipment. Plenty of convenient parking located around major anchor businesses, restaurants, services, etc. Traffic count is very strong.
Competition:
The market place is untapped. The area has a diverse group of people ranging in lower middle to high income.
Growth & Expansion:
The pros and cons fall into the same category. A gym owner needs to keep updating the gym and offer new and exciting programs, services and equipment. There is opportunity to offer group personal training sessions, add turf area, etc to not only grow membership but also increase retention.
Financing:
Based on Seller qualifications
Support & Training:
The seller is happy to train a new owner. Currently, the owner is a consultant to other gym owners.
Reason for Selling:
Family ownership with some looking to retire and others looking to consolidate.
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Contact the Seller

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Orlando Rivera, J.D.

Business Listed By:
Orlando Rivera

ASPIRA Business Brokers & Advisors

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