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Multi-location Independent Retailer Of Fitness Equipment And Service In North Carolina For Sale

North Carolina, US
Asking Price:
$3,500,000
Sales Revenue:
$7,785,621
Cash Flow:
$861,279

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 building an e-commerce website to facilitate online sales in additional markets.

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.

Property Information

Real Estate:

Lease

Leasehold Rent:

$313,740 per annum

Premises Details:

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.

Size in square feet:
15,412

Business Operation

Expansion Potential:

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.

Competition / Market:

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.

Reasons for selling:

Retirement of one of the partners.

Trading hours:

Monday – Friday: 10am – 6pm; Saturday: 10am – 5pm

Employees:
19
Years established:
32

Other Information

Support & training:

Additional transition support can be negotiated.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller will consider up to 10% seller financing dependent upon overall deal terms and buyer qualifications.