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Turnkey Independent Fitness Center – 20+ Years For Sale

Virginia Beach, Virginia, US
Asking Price:
$256,400
Sales Revenue:
$435,965
Cash Flow:
$95,732

Rare opportunity to acquire a well-established independent fitness center that has served its local community for more than 20 years. Unlike a typical big-box gym, this business has built a loyal membership around a friendly, welcoming culture where members and staff know each other by name. The facility offers 24/7 member access, personal training, group fitness classes, and additional income through space subleased to a physical therapy provider.

The current owners are actively involved in management and teach some classes, creating an opportunity for a hands-on fitness professional, couple, or new owner to continue the existing model while potentially expanding programs, staffing, and revenue streams. The gym occupies more than 6,000 square feet in an excellent location just off a major roadway in an affluent and desirable area. Long-term lease options are available, providing stability for a new owner. Revenue and membership levels have remained consistent, supported by a loyal base of long-term customers. After many years of ownership, the sellers are ready to retire and are looking for the right buyer to take over the business and continue taking care of the members and community they have built.

Highlights include: 20+ years in business • Loyal and consistent membership base • 24/7 access • Personal training and group classes • Physical therapy sublease income • 6,000+ SF facility • Desirable affluent market • Excellent location near a major roadway • Long-term lease options available • Established community reputation • Retirement sale

Property Information

Real Estate:

Lease

Lease Terms:

Open to long term extension.

Lease Rent:
$102,108 per sq ft per annum
Location:

Virginia Beach area.

Size in square feet:
6,567

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Add more trainers, increase marketing, paid social media, refresh the store, referral friend programs, special promotions, active in community, put some time in working the business.

Competition / Market:

Several other gyms in the area.

Reasons for selling:

Retirement

Trading hours:

24/7 operation Monday - Sunday. Man the gym during normal business hours.

Employees:
12 Contractors
Years established:
1996 - Present

Other Information

Support & training:

Seller will train buyer, 2 weeks. 20 hours/week

Financing available:

TBD

Furniture / Fixtures value:
$184,771