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
The information on this website is for informational purposes only and should not be considered legal, financial, or investment advice. Capital Commercial Group, Inc. makes no guarantees regarding potential income, market conditions, or the accuracy of the information provided. This information has been supplied to Capital Commercial Group, Inc. by sellers or obtained from other sources. We have not and will not verify its accuracy and recommend that purchasers independently verify any information with their own counsel. Links to third-party sites are provided for convenience; we do not endorse or assume responsibility for their content. Users should conduct their own due diligence and seek professional advice before making business decisions.