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Overview

Health Care and Fitness

Multi-location Independent Retailer of Commercial and High End Residential Fitness Equipment and Service

Price: $3,500,000

Listing ID: FITNESS1

Year Established: 1991

Annual Sales: $7,785,621

EBITDA: $861,279

Days & Hours of Operation: Monday – Friday: 10am – 6pm; Saturday: 10am – 5pm

Full-time Employees: 18

Contractors: 1

Reason For Sale: True Retirement

Limited Seller Financing: The SBA does not require a component of seller financing; as such, no seller financing is anticipated.

Listing Status: Active


Summary

Description:

This multi-location independent retailer of commercial and high-end residential fitness equipment is a full-service retailer and service provider of everything from indoor and outdoor gym design to delivery, installation, service, preventative maintenance and relocation services.

Products include a wide range of traditional and connected equipment as well as flooring and the company has exclusive sales rights for many of the products it sells in their geographic markets. The business also retails products for the cue sports, and similar gaming table activities.

The business offers its clients consumer financing and commercial leasing through third party lenders. The staff consists of industry veterans with over 1/3 of current employees having 10+ years of industry specific experience in sales, service, and operations.

The owners are currently building an e-commerce website to facilitate online sales in additional markets.

Historical Summary:

This business has a decades-long reputation for selling and servicing commercial and high-end residential fitness products. Recently, the owners have further streamlined operations to maximize profitability.

Competition:

Just as any business, this business has online and brick and mortar based competitors. The business has successfully differentiated itself by providing cradle to grave sales, service and support of the most respected brands, providing competitive prices and convenient locations.

Growth & Expansion Opportunities:

A new owner could choose adjacent markets to open additional brick and mortar retail locations. New product lines could be added. A more formal sales team could be established to replace current owners' roles and responsibilities.

Competitive Advantages:

This companies competitive advantages include decades long relationships with the best manufacturers of which many have granted exclusive territories. They also operate multiple locations and cover a large geographic area.

Owner Qualifications:

Buyer should posses, outsource or delegate general sales, marketing, human resources, accounting and customer engagement skills. No specific fitness industry experience is required, but a plus.

Support & Training:

Additional transition support can be negotiated.

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Jeff Snell, CM&AP, M&AMI, LMCBI, ABI

Principal Broker & Founder – Raleigh, NC

Office: (919) 341-1100

Cell: (919) 624-1124




Contact Listing Broker

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Real Estate Transaction Handled by

2009 Caminos Drive, Raleigh, NC 27607

Real estate agent's disclosure Form

Location: North Carolina

Real-Estate: Leased

Facilities Type: Strip Center

Monthly Rent: $26,145

Building Square Feet: 15,412

Facilities Description:

Retail stores are located in retail centers with high foot traffic and car counts. The locations are in good condition, have security systems, adequate parking and lighting.
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