Established & Well - Known Functional Fitness Gym
www.GlobalBX.com
Listing ID:
700332104
Listing Title:
Established & Well - Known Functional Fitness Gym
Quick Link:
http://www.globalbx.com/listing.asp?bId=332104
Industry:
Health and Medical
Industry Segment:
Health Clubs and Spas
Country:
United States
State / Province:
Virginia
Area
City:
Alexandria
Asking Price Range:
< $250K
Gross Revenues:
$465,833
Cash Flow:
$68,615
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2007
Number of Employees:
10 - 19
Business Description:
Great opportunity to take over an established and well-known functional fitness gym in Alexandria, Virginia. The business is part of a reputable and well-branded franchise that caters to individuals looking for a variety of different workout options under one roof. The gym is located in an affluent and densely populated area with a healthy membership roster of over 700 individuals. There is an established team of trainers and other key staff in place which will help with the transition to a new owner.
The gym has a stellar reputation in the area which is backed up by top notch reviews on many popular online platforms. There is room for expansion as demand for services is strong and the membership has been steadily growing. The location is surrounded by a mix of residential and commercial centers which allows for a reliable flow of members throughout the day and on weekends. The gym generates over $35K a month in recurring revenue from the EFT membership base and this figure is on the rise as well.
The current ownership is absentee as they had several locations, each with a manager. The cash flow claimed is based on a buyer being an owner operator replacing the manager who wouldn't be needed. The current owners have decided to pursue other business interests, so this presents a unique opportunity to take over a turnkey gym in an established market allowing the buyer to decide how involved they want to be in the day to day operations and growth of the business which has lots of potential, especially for an owner operator. Don't let this opportunity pass you by!
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