This gym stands as a premier fitness destination dedicated to inspiring and empowering individuals on their journey towards a healthier, more active lifestyle. Notably, it is currently operated with minimal direct involvement, making it an attractive opportunity for investors or absentee owners seeking a hands-off business model.
- Asking Price:
- $299,000
- Sales Revenue:
- $536,123
- Cash Flow:
- $142,477
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
This expansive gym spans 3,800 square feet, providing ample space for fitness enthusiasts to pursue their goals. The current rent is month to month, but the landlord is willing to keep the 3% increases.
Business Operation
- Expansion Potential:
-
The business is poised for substantial expansion, especially through the implementation of advanced marketing strategies and deeper involvement within the local community. Noteworthy avenues for growth encompass, but are not confined to, the introduction of vending machines offering a variety of snacks, beverages, or powders. Additionally, there exists potential for development by providing rental space for trainers, historically priced at $600 per month, with a track record of accommodating four or more trainers simultaneously.
- Competition / Market:
-
There is another gym that is about 5 miles away.
- Reasons for selling:
-
The seller is pursuing other business opportunities.
- Trading hours:
-
Monday-Sunday 24 hrs.
- Employees:
- 1 FT/9 PT
- Years established:
- 14
Other Information
- Support & training:
-
Will train for 2 weeks @ $0 cost.
