Thriving Fitness Center in Sacramento County *UNDER CONTRACT*

Sacramento County, CA

Thriving Fitness Center in Sacramento County *UNDER CONTRACT*
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Asking Price: $315,000

Cash Flow: $140,449

Gross Revenue: $339,298

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $7,893 /Month

Established: 2009

Thriving Fitness Center in Sacramento County *UNDER CONTRACT*

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Business Description

Loyal and growing membership
• Very profitable economic characteristics: recurring revenue and fixed costs
• Revenues grew 30% during the past 3 years while profits doubled!
• Limited competition and only 24/7 fitness center in radius
• Well-established and widely respected in the community
• Ideal for either owner-manager or absentee owner
• Location: growing city in Sacramento county

Detailed Information

Location:
Sacramento County, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,542
Lease Expiration:
1/31/2025
Employees:
5
Facilities:
This gym provides access to a clean, safe space to exercise 24 hours a day, 7 days a week and is fully-equipped with high-quality cardio and weight machines. The facility is in outstanding condition after the owners remodeled the fitness center in 2018. In addition, to access to the fitness center, this gym offers team workouts designed to build strength and endurance, using the energy of the group and the expertise of the class instructor to maximize member results. Currently, the offering of personal training is limited and could be expanded.
Competition:
During the past three years, this gym grew its membership by approximately 30%. Being situated in a popular and growing area, it is poised for continued growth. Its fixed cost structure means this growth will be very profitable.
Growth & Expansion:
The gym currently offers very limited personal training to its members. This is a significant growth opportunity for the new owner, but it would require hiring personal trainers.
Support & Training:
The seller is motivated to sell the company to a buyer who sees the growth and profit potential. The seller is willing to remain with the company after the sale for a negotiable amount of time to assist with the continued development of the business and to make the transition as seamless as possible.
Reason for Selling:
The owner is looking to sell the business due to health problems.
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Rhett Kniep CBI, CBB, M&AMI

Business Listed By:
Rhett Kniep

Centurion 7 Business Advisors

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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