Fitness & Health Facility
Financials
Asking Price of business :$585,000Included In Asking Price :Furniture, Fixtures & Equipment: $100,000
Asking Price Of Real Estate :$585,000
Annual Sales :$325,000 Cash Flow :$32,000
Summary Description
This well-established gym and fitness facility in Southern Maine offers a complete line of modern physical fitness equipment for strength, endurance and cardiovascular training. It also offers a variety of fitness classes from step interval training to yoga and Pilates. Its great name recognition and loyal customer base provide stable revenue and an excellent return. The experienced staff focuses on building relationships with every client. This business would be a great place to implement a personal training system and offer a variety of services. Currently there is no personal training system in place. The trainers are all independent contractors. The real estate is included at below market value.
General Information
Year Established :2000Employees :12FT
Facilities :The spacious 13,200 sf facility is well maintained and includes a wide range of modern fitness equipment, a climate-controlled interior and spacious locker rooms. There is ample parking with great roadside visibility in a high traffic area. The real estate is included. It may also be leased rather than purchased.
Business Location :Southern Maine
Market Outlook
Competition & Market :
The gym’s longevity and stability in the market give it considerable branding and goodwill. Its central location and visibility give it an advantage over other competitors in the area.
Growth & Expansion :
Gym memberships are expected to rise. There are excellent growth opportunities in serving niche markets, such as older clients and customized fitness and health regimes. New programs are generating excellent results.
About the Sale
Financing :Anticipated bank/seller financing on business and real estate is $468,000.
Down Payment on business is $117,000.
Working capital needed $10,000.
Reason for Sale : Owner is relocating.
Contact Information
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