Asking Price: $55,000
Cash Flow: $23,825
Location: Saratoga County
This fitness facility focuses 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 business offers a variety of services and revenue streams. The primary service is Small Group & Personal Training and is the primary revenue source. Other fitness services provided include; Yoga, Nutritional Coaching, Massage and other workshops offered on a periodic basis.
Year Established: 2017
Facilities: The location was opened in 2017 and has a three-year lease. It has a total of approximately 2,400 square feet subdivided into two open common area exercise rooms, a lobby area, as well as a front desk/office area, a storage room and bathroom. There are over 50 shared parking spaces available for the fitness center and the other retail/service business in the plaza.
Competition: It is fair to say that the 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.