Founded in 2012, this well-established business provides a full scope of fitness services including state of the art equipment, nationally certified personal trainers, weight lifting for all skill levels, Les Mills aerobics program (Zumba, Spin, etc), and the only Olympic Weight Platform and Octagon Functional Trainer in the area. With year over year revenue growth, it continues to thrive in 2018 as a reliable source of strong cash flows.
This turnkey business would be a perfect fit for anyone who has a desire to be a hands-on manager or for anyone who would like a more hands-off approach to operations. The current staff is well versed in the daily operations and the computer system supports automated back office processes.
With over 6 years of proven cash flows and over $300k worth of equipment included with the sale, this high quality acquisition opportunity offers a path towards substantial overall return on investment.
Asking Price:
$350,000
Annual Sales:
$532,000
Cash Flow:
$111,658
Business Location:
Panama City
Business State:
Florida
Franchise
No
Number of Active Members:
1762
Facility Square Feet:
17,000
Year Established:
2012
How Many Employees:
16 W-2 Employees and 6 1099 Aerobics Instructors
Seller Financing Available:
Negotiable
About the Competition:
There are 3 additional full-service fitness centers that share the potential membership base. Each has its own personality and attracts members accordingly.
Growth Expansion:
There is a potential opportunity to gain 1,000 + members from an existing competitor. Additionally, there are corporate deals under consideration with a large national corporation.
Support Training:
Current owners will agree to a transition period under which new owners will receive full training in current operations and systems. Staffing continuity (including front desk, sales, back office, personal training, and aerobics) would be a goal of this transaction.
Reason For Selling:
Current owners have other business interests outside of the state of Florida requiring their undivided attention.
Video courtesy of Millennium Trust
]]>Seller Financing Available: Qualified Buyer
About the Competition: The gym is the only non- franchised gym in the area. It is built around a family atmosphere and has a loyal membership base so competition is limited to mainly the YMCA
Growth Expansion:
Location has a large potential for growth, by adding bootcamp, small group training and other classes, increase PT sales, partnership with local schools and business have just started
Support Training: Yes up to 1 year
Reason For Selling: To spend more time with family and kids
Video courtesy of Millennium Trust
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