Health Care and Fitness
Multi-location Independent Retailer of Commercial and High End Residential Fitness Equipment and Service
Listing ID: FITNESS1
Annual Sales: $9,862,964
Seller Discretionary Earnings: $969,440
Year Established: 1991
Days & Hours of Operation: Monday – Friday: 10am – 6pm; Saturday: 10am – 5pm
Reason For Sale: True Retirement
Listing Status: Active
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.
Historical Summary:This business has a decades long reputation for selling and servicing commercial and high-end residential fitness products. Over the years they have expanded geographically to multiple locations that now provide indoor as well as outdoor fitness solutions.
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: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. The online sales channel could also be maximized to provide incremental business.
Jeff Snell, CM&AP, M&AMI, LCBI, ABI
Principal Broker – Raleigh, NC
Office: (919) 341-1100
Cell: (919) 624-1124
Contact Listing Broker
Real Estate Transaction Handled by
2009 Caminos Drive, Raleigh, NC 27607Real estate agent's disclosure Form
Location: North Carolina
Facilities Type: Strip Center
Monthly Rent: $42,662
Building Square Feet: 22,436
Facilities Description:Retail stores are located in retail centers with high foot traffic and car counts. All locations are in good condition, have security systems, adequate parking and lighting.
Full-time Employees: 26
Part-Time Employees: 1
Support & Training
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.