Fitness gym with boxing classes operating 24-hours a day is available for acquisition. This business was first established by the current owner of the business in 2018. Since the inception of the business, the customer base has grown on a year-by-year basis except during the COVID-19 pandemic. Most of the customers that are regulars for this business consist of individuals that live in the local densely populated residential neighborhoods and boxing enthusiasts from nearby cities. Competition is expected and some competitors are within the immediate market area, but this fitness center competes by providing a very affordable price point for their services while maintaining high-end equipment accessible 24-hours a day. Gross sales have been around $165,000/year with much more room for growth with additional owner involvement and marketing. While some marketing is in place through active social media outlet management and word of mouth, other forms of local marketing are needed to truly reach out to potential customers within the untapped areas of the area. Owner involvement is also crucial to expanding the current business platform to a higher degree without lowering quality or standards. The current state of the business can improve drastically with an investment toward marketing to expand the influence this business has in the local area and outward.
- Asking Price:
- $90,000 Furniture / Fixtures included
- Sales Revenue:
- $165,373
- Cash Flow:
- $14,568
Property Information
- Real Estate:
-
Lease
- Location:
-
This business is located in a 5,970 SF space of a retail strip center that is next to a major highway and many densely populated residential neighborhoods. National retailers are also nearby this business and attract many locals to the area to increase exposure.
- Size in square feet:
- 5,970 SF
Business Operation
- Expansion Potential:
-
There's no active marketing being done other than word of mouth and through social media outlets. Local and online marketing is crucial to the further growth of this business as customer acquisition in untapped areas within the city will allow this business to increase sales and profitability.
- Competition / Market:
-
Few corporate competitors are within the immediate market area, but none of the competitors provide a 24-hour facility while having an affordable price point that attracts many locals in the area.
- Reasons for selling:
-
Moving out-of-state
- Employees:
- 1FT/5PT
- Years established:
- 2018
Other Information
- Support & training:
-
The owner will provide the necessary training needed to operate and manage this business for the new owner.
- Financing available:
-
100% down at the time of closing.
- Furniture / Fixtures value:
- $110,000 - included in the asking price
- Inventory / Stock value:
- $1,000
