Well established fitness center with $350K+ in Owner's Benefit/Cash Flow.
Murphy Business is excited to offer a great opportunity to own a very profitable Gym & Fitness Center. The business has strong and consistent revenues year over year with approximately 2,500 members generating $60K - $70K in monthly EFT drafts. The gym has state of the art professional equipment that was recently upgraded in 2016. The gym is internationally known and has a strong brand recognition and following. The owner is semi-absentee and has a full staff in place to manage and support the business 24 hours daily. The gym also has electronic card access and video surveillance. In addition to membership dues, other revenue streams include pro shop sales, smoothie bar and personal training.
The gym occupies 18,000 square feet of space in the local mall with plenty of foot traffic and parking available. The mall is the primary shopping center in the area and is currently undergoing major renovations and remodeling.
Additional marketing and advertising will increase enrollment and sales. There is also an opportunity to expand the foot print of the facility within the same retail center. The landlord fully supports the gym and is committed to keeping the gym within the center.
The gym benefits from very little competition in the area. Other than community and corporate centers, there is only 1 comparable competitor which is located approximately 2 miles away.
Owner is semi-absentee and has other business interests.
Will train for 2 weeks @ no cost. In addition to the weight & cardio areas, the gym offers more than 150 group classes per month. Classes include Body Pump, Zumba, Cycling, Cross Training and more. The club also includes 2 kid centers, pro shop, smoothie bar and executive style locker rooms.