Upscale Fitness Center For Sale
Description
With the realization of people, that a fit and healthy lifestyle, not only prolongs life, but also improves the quality of life. People are joining gyms in large numbers. People who exercise regularly have a greater chance of living a more productive and happier retirement than people who don't exercise. People who exercise regularly, have less health problems and are able to do more and achieve more in their latter years. With this realization that health and fitness prolongs and improves life this business should continue to thrive and grow indefinitely. About 26,000 fitness & recreation centers operate in the US, with combined annual revenues of $15 billion. Revenues for the average center is nearly $600,000/yr. This fitness center is ideally located in a newer upscale area surrounded by upper middle income families with the necessary disposable income demographics which should provide well above average growth and income potential for the business.Included in asking price
Furniture / Fixtures and Inventory / Stoc included
Sales Revenue
235236
Net Profit
250
Years Established
1
Employees
5
Location
The facilities for this business are state of the art with green building practices used in the finish out construction. All of the equipment is new and also state of the art, the equipment is shown to give a complete and total body workout.
Expansion Potential
This business has about 300 members and is putting on about 15 new members a month. The growth potential in their market area is very good with a high rate of potential clients in the immediate area.
Competition/Market
The market for this business is very strong. The target market is people of middle age to retirees. With baby boomers retiring now in large numbers the future looks solid. This business is in an area that has a large segment of the demographic that drives this business. This is a unique type of fitness facility and so does not compete with the larger fitness facilities. This business is a total health and fitness facility that specializes in health and diet consultations.
Support/Training
Since this is a franchise there is ongoing training and support, the franchisor has been very good about helping with questions that have arisen. The current owner has agreed to stay for a period of 30 days to train the new owner and is willing to be available in a consultation capacity for a negotiable period of time
Reasons for Selling
Owner has had a change of family situation.
Finance Available
Neg. - Subject to individual buyer.
Furniture/Fixtures Value
$160,607 (included in the asking price)
Tenure
Leasehold
Lease Terms
Will disclose to serious buyers.