Currently, this fitness equipment business sells, delivers, sets up, and repairs a complete line of new and pre-owned exercise equipment. The business is located on a busy street with complementary businesses in the same center and nearby. This is a GREAT opportunity for someone who wants to add personal training services to accompany fitness equipment sales - there is plenty of room for expansion!
- Asking Price:
- $201,899 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $441,719
- Cash Flow:
- $52,604
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The business is located in a strip mall with approximately 2,741 square feet on the main level and 800 square feet on the mezzanine upper level (3,541 total) subject to verification.
18 months left on the current lease (November 2023) with a 3-year extension available with landlord's approval. The rent is currently $3,214 monthly.
The Lease is a total net lease whereby the Tenant has the obligation to pay to Landlord as additional rent Tenant’s Prorata Share of the costs and expenses (real estate property taxes, insurance, utilities, sewer, water, trash removal, maintenance, and like costs and expenses) incurred by Landlord as a result of Landlord's ownership and operation of the Area.
No option to purchase.
Business Operation
- Expansion Potential:
-
There is HUGE growth opportunity for someone wanting to expand the offerings of this business. Not only can you continue to sell exercise equipment, but the space is currently underutilized and there is room for personal training, pilates, physical therapy, or other fitness-related activities to generate much more revenue. The current owner offered training in the past but has lately concentrated on selling retail equipment. There is a storage room that could easily be converted to a locker room or more floor space for additional equipment.
- Competition / Market:
-
Very little retail competition in the area. Repeat customers over the years continue to come back for the personal service and selections, as well as the delivery and setup options that do not come with online purchases.
- Reasons for selling:
-
Owner is ready to retire.
- Trading hours:
-
Tues-Fri 10am-6pm; Sat 10am-5pm
- Employees:
- 1 FT/3 PT
- Years established:
- 25
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$21K down/$40K over 36 mos. @ 6%/Other Financing.
- Furniture / Fixtures value:
- $5,000 - included in the asking price
- Inventory / Stock value:
- $76,029 - included in the asking price
- Relocatable:
- This business can be relocated.
