5401-12677 Full Service 24-7 Fitness Center Gym in High-Traffic Area

Undisclosed Address, South Dakota
Business Opportunity for Sale
Catylist Listing ID: 30024629
Property Subtypes: Health and Medical
Building Size (RSF): See Agent
Sale Price: $165,000
Year Business Established: 1995
Gross Revenue: $206,889 (Annual)
Cash Flow: $49,555 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 8/1/2017

Overview / Comments

Ongoing for 20+ years, this modern facility has top equipment and loyal customers. The 300 members can take advantage of the 20 classes each week taught by one of the 12 part-time instructors. The front desk is staffed 40 hours a week and the facility is open 24/7 via key-less entry. Income is steady and memberships continue to increase due to one-on-one training opportunities and other amenities not offered anywhere else.

Additional Details

Industry Segment: Health Clubs and Spas
Reason for Selling: Seller would like to focus on other business closer to home.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $82,895
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Employee/Labor Description: 12 PT 7 days/24 hours
Mgmt/Training Support Description: Will train for 2 weeks @ no cost. New treadmills, bikes and ellipticals compliment state-of-the-art weight machines. For the more adventurous there are battle ropes, tires and free weights. 20 classes are offered by instructors. Individual personal training is available. Unlimited tanning is included with membership.
Competition/Market Description: The primary competition has saturated the Sioux Falls market, and that disruption has passed. Clients see considerable value in the hands-on service they receive and are willing to drive extra to work out here.
Growth/Expansion Opportunities: Through targeted marketing and advertising memberships could be increased. Very little merchandise and product is sold. This could be an added revenue stream.
Seller Financing Description: Lender pre-qualified with $41,250 Down. Pre-qualified with a leading national bank!

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