Description
Our firm is proud to bring to market a package of independently owned gyms located in S/E Michigan. These well-established gyms are renovated and fully equipped with state-of-the-art equipment. In 2023, the gyms generated sales of over $1.8 million and a cash flow of over $600,000 for the seller. These gyms feature large workout spaces, multiple exercise machines, free weights, personal training subscriptions, and a variety of fitness classes. Each gym has managers who oversee day-to-day operations along with multiple personal trainers.
Sales have continued to increase as memberships rise and personal training demand grows. Year-to-date sales for the first four months of 2024 are up 11% over 2023. Full-year sales for 2024 are projected to exceed $2 million. Membership plans include annual and 2-year memberships, with most personal training memberships on an annual basis. The majority of clients are on an EFT payment subscription, which helps the month-to-month cash flow grow.
The gyms are located in prime areas with high foot traffic within plazas and are surrounded by numerous residential homes, attracting many local clients. There is significant potential for a new owner to grow the business by offering additional classes, more retail items, and hosting events. An SBA lender has qualified this sale for financing to a qualified purchaser with a 20% down payment.
Get More InfoBusiness Overview
| Revenue | $1,887,151 |
| Cash Flow | $644,603 |
| Inventory | $To Follow |
| Year Established | various |
| Seller Financing | No |
| Employees | 3FT 15PT |
| Asking Price | $2,250,000 |
Key Statistics
- Hours of Operation: Mon - Thurs 6am-10pm, Fri 6am-7pm, Sat - Sun 6am-5pm
- Employees: 3 Full Time 15 Part Time
- Year Established: various
- Year Acquired: Various
- Liscence Required: Sales Tax
- Seats: N/A
- Parking: Ample
Financial Information
- Gross Sales: $1,887,151
- Source: Tax Returns
- Cash Flow: $644,603
- Source: Tax Returns
- Inventory Value: To Follow
Seller Financing
Location
- Monthly Rent: $29,000
- Lease Terms: Lease Expires: 5/31/27 with option to renew
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Disclaimer
This information has been supplied to Broker, Capital Commercial Group, Inc. by seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. Thus, Broker does not guarantee this information to be accurate. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser`s councel.