Established and Profitable Fitness Center - Reduced!
North CarolinaListing DetailsOffice ID: GYM1
Listing Broker: Joe Vagnone
Listing Price: $175,000
Gross Revenue: $335,695
Cash Flow: $72,115
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:The seller of this business will consider some financing to the right, qualified buyer.
Reason for Sale:The seller is operating and focusing on another business.
Training:Seller will train a new owner for a period of 30 days.
OperationsYear Established: 2011
Form of Ownership: LLC
Employees (part-time): 2
Employees (contractors): 6
Business Hours: 6 am – 8pm Monday – Friday, By appt. 8 – 11 am on Saturdays, closed on Sunday.
Business Description:For 10 years, since 2011, this business has established itself as the top results driven fitness business in the area. With a passionate owner dedicated to the health and fitness of each and every client, and a team of experienced and knowledgeable staff and trainers, this business enjoys not only a 5-star reputation in the community, but extremely low trainer turnover in comparison to industry standards. With state-of-the-art functional training equipment, a 4,300 SF facility in one of the top growing business communities, and the industry trend going away from the one-size-fits-all gym to specialized fitness training, this is the ideal business for the entrepreneur with a passion for fitness and training – inquire today!
Historical Summary:Business was established by the current owner in 2011 and has enjoyed steady growth since opening.
Owner Qualifications:Email marketing / software for appointment booking, minor website maintenance / operation, employee management, leadership.
Competition:With many competitors in the market area, this business competes on the basis of offering more personalized service to its clientele.
Potential Growth:Growth potential with this business is limited only by the skill, knowledge and creativity of a new owner.
LocationType of Location: Strip Center
Lease Expires: Oct 31, 2021
Monthly Rent: $4,311
Square Footage: 4300
This business is located in a strip center in one of the fastest-growing and busiest streets in the Lake Norman area.
Last Updated: Apr 26, 2021 / 11:14 AM
Financial Information Current As Of: Jan 20, 2021 / 4:05 PM