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Kentucky Fitness Facility For Sale

Kentucky, US
Asking Price:
$250,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$516,839
Cash Flow:
$181,436

Covid 19 forced this newly started club to close on Feb 17th, 2020, which drastically affected the membership base and the amount of new members signing up. Beginning in fall 2021, the club began to see a substantial increase in members returning and new-membership agreements. The membership base has doubled since December. This club is poised for outstanding growth and maturation.

High Intensity Interval Training club, with 99 percent of income from class memberships and 1 percent from retail sales of water and merchandise. New lease and an outstanding location. Part of the main leased area is subleased to two different tenants and provides a substantial amount of income increasing the amount of possible profitability.

Property Information

Real Estate:

Lease

Premises Details:

8827.00

Size in square feet:
6620 sq ft

Business Operation

Competition / Market:

The health club industry is poised for a huge comeback after the Covid 19 crisis. This club is very well positioned in location, amenities and quality to be the premier High Intensity Interval Training club in Lexington. Unlike its one direct competitor, the club has its class time divided into three different sections. The three most-effective exercises possible -- 20 minutes for cardio, 20 minutes for functional training and 20 minutes for flexibility. No member has to touch a piece of equipment after another member. Every piece of equipment is cleaned before another member uses it. Covid-19 was very detrimental on the health club industry nationwide. With the current vaccination progress and lifting of restrictions, this is an outstanding time to invest in this industry. The population is weary of being inside and physical fitness has declined rapidly. The club is seeing more people interested in fitness training every day. The only direct competitor is about half the size and offers inferior customer services.

Reasons for selling:

Other business interests

Employees:
Full Time: 2, Part Time: 6
Years established:
1

Other Information

Support & training:

The seller has opened and sold multiple clubs, all still thriving, and so the start-up bones of this operation are as solid as any can be imagined. The seller will provide adequate training and transition services.

Financing available:

Downpayment Required: $50,000
Monthly Payroll: $9,600
Financing is Available

Furniture / Fixtures value:
$400,000 - included in the asking price
Relocatable:
This business can be relocated.

Contact Sunbelt of Cincinnati

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