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Two Premier Gym & Fitness Centers - Property Included! for sale in VA

Virginia (VA)

Asking Price: Gross: Cash Flow:
$ 11,500,000 $ 2,596,576 $ 1,186,221

Furniture and Fixtures Value:
$ 418,279 (included in the asking price)

Inventory Value:
$ 10,000 (included in the asking price)

Real Estate:
$ 9,400,000 (included in the asking price)

Business Summary:
Two Premier Gym & Fitness Centers - Property Included!Operating since 2000, these membership-based facilities have been providing an exceptional array of fitness structured programs coupled with an endless selection of classes focusing on weight loss, strength, endurance training and flexibility, to name just a few. Trainer based programs are designed on a group basis, team basis, or one-on-one. And over the years the facilities and employees have evolved to accommodate every customer need from convenience in parking, to locker rooms, childcare services and complete spa services. The facilities combined span nearly 50,000 square feet and are conveniently located in two uniquely characteristic and highly sought-after locations. In addition, the design of the operating space lends itself to a pleasing and productive workout routine, as the spaces are open offering up a nice balance of natural lighting on natural textured wood and workout surfaces. The design aspects of these fully equipped workout centers have left nothing out, from creature comfort, to attention to detail, to every piece of standard and specialized equipment imaginable. Membership exceeds 3,000, supported with a staff of over 130 people. The operation is in full stride, delivering results for members as well as financially, as the average monthly membership draft dues exceed $170,000 and the operationís cash flow exceeds $1.1 million dollars.

 

   
Year Business was Established: 2000
   
Number of Employees: 7 FT / 127 PT  
   
Facilities / Terms of Lease: Elegant in itís design the first facility offers up 15,900 square feet. Common areas include ample parking and a tranquil setting with stunning views and multiple floors. Similar in overall structure the second facility offers up 32,000 square feet. Common areas include an abundance of striped/asphalt parking. Both locations are centrally located with easy access and ample parking.  
   
Potential Growth/Expansion: Growth: In March of 2018 the company introduced a new group training program which greatly increased personal training revenue with an expected gain of $120,000 over 2017.  
   
Owner willing to train: Will train for 4 weeks @ no cost  
   
Reason for selling: Retirement  
   
Seller Reference Number: 2007-14178
BusinessMart.com Listing Number: 229291
 

 

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For more info contact:

Russ Bieber

Murphy Business & Financial Services
727-725-7090

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