Full Service 24/7 Health & Fitness Gym For Sale

  • Listing# : 8477
  • Listed Price : $99,000
  • Total Sales : $195,215
  • SIC :
  • Down Payment : $99,000
  • Status : Closed
  • Discretionary Earnings : $30,004

Business Type :

Fitness / Fitness Gym

Business Description :

This Full Service 24/7 Health & Fitness Gym started in Sioux Falls, SD years back at another location. However, it has always catered to the same market group. It started under another name but in 2009 was purchased by local chain group of fitness centers. They found it not to be a good fit for their group so it was sold to the current owner as of Jan. 1, 2012. With the arrival of the owners second child this past December, they decided that Mom wished to stay at home with the children. The facility has state of the art equipment, all in very good condition, and all top name equipment, such as Precor, Cybex, Matrix, Star Trec, and Life Fitness. They have a very nice sized group fitness room and have many special classes each month. The member group that this facility targets enjoys extra classes that are all included in the monthly fees, and they have a very experienced staff to lead these classes. The center is open to members 24/7 via an electronic key. There are 24 hour cameras. The front desk is staffed about 45 hours a week. They have three personal trainers on staff. Membership has grown in the year plus that the current owner has had the business. The size of this facility and the amount of equipment is very adequate for significant growth in membership. This health and fitness gym is in a very centrally located strip mall that is very accessible. The facility is about 5500 square feet. The current lease goes thru May of 2014, with 2 three year options. We have compiled lots of good information on this business that will be shared with qualified buyers. Just contact us.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl : No
    • Real Estate $0
    • Incl : No
    • Inventory $0
    • Incl : Yes
    • Liabilities $0
    • Incl : No
    • FF&E $100,000
    • Incl : Yes
    • Other: $49,000
    • Incl : Yes
    • Leasehold $90,000
    • Incl : Yes
    • Total Assets $239,000
    • Incl : Yes

Lender Prequalified: No

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