Fitness Training Center

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Fitness Training Center
Asking Price: $144,000
Cash Flow: $74,598
Location: Albany County

Summary Description

This is a specialized fitness facility focusing on a membership that may not feel engaged with the typical fitness gym. Whether they felt that they didn’t get the support they needed, had no idea how to properly workout to avoid injury or gave up in frustration because they didn’t see any results. The facility offers a variety of services and revenue streams. The primary service is Small Group & Personal Training at both locations and is the primary revenue source. The company’s unique “Beginner Bootcamp Program” brings in 15-30 new potential clients each month. The conversion rate to long-term clients through this program, is approximately 70%. Other services provided at both locations include; Yoga, Nutritional Coaching, Massage and other workshops offered
on a periodic basis. On occasion, their space is sub-leased to ancillary business concerns who may need some temporary space. The company employs an Operations Manager that handles all daily business activities.

General Information

Year Established: 2014

Employees: 5 F/T & P/T including an Operations Manager

Facilities: The business has been at its present location since April, 2014. The current lease continues until 2023, with options to renew. Rent is presently $6,600 per month. The Studio is located in an office building with other tenants, the majority of whom are related in some way to health and fitness. The 6,000 square feet of space takes up about 25% of the building. It is subdivided into three training rooms, a personal training studio, a massage spa, office space and reception area. Bathrooms are in common area and maintained by the landlord,

Market Outlook

Competition: It is fair to say that this company has no direct competition, since they are the sole provider to the market niche that they have created. However, there are other gyms and fitness studios in the area including Big Box Gyms like Planet Fitness, Vent, YMCA, Retro Fitness and chain fitness studios like Orange Theory, Metabolic Meltdown and Crossfit.

Growth & Expansion: The possibilities to expand on existing services include: increasing the number and type of class sessions; increasing the Supplement and Nutrition Programs; growing the Massage business; adding more locations or expanding existing ones; price increases for existing services; expanding into and becoming the leader for Corporate Wellness Programs in the Capital District…a largely untapped market at this time.

About the Sale

Financing: The owners would prefer cash at closing, but may consider some financing for a qualified Buyer.

Support/Training: The owner(s) will stay on for a reasonable and negotiated transition period, to familiarize the Buyer with the established company policies and procedures.

Sale Objective: The owners have purchased a home in North Carolina and plan to relocate there after the sale of the business.

 

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