MergerPlace

Highly Profitable Fitness Club for Sale

Virginia (Fairfax)


  • Asking Price: $680,000
  • Gross Income: $821,844
  • Cash Flow: $273,868
  • Real Estate: Not Disclosed
  • Inventory: $8,000
  • FF&E: $50,000
  • Listing ID: #205410
  • Established: 2014
  • Employees: 16

Business Description

Great opportunity to purchase one of the most successful fitness clubs in a well-known and supportive franchise. The club is a membership-based fitness facility offering total body workouts featuring unique boxing and kickboxing taught by Club trainers. Membership in the fitness facility provides the member with high intensity full-body workouts that provide cardiovascular, body toning and weight loss benefits through classes and personal training workouts.

All the hard work has been done by the current owners from finding the perfect location, building out the facility, hiring and training a great staff, creating awareness by building a marketing and advertising campaign, and rapidly growing a very loyal membership base that continues to grow year over year. A new club would cost at least $500k to start from scratch which makes this club look like a bargain since there is an established membership base and it is generating nearly $300k in annual cash flow for an owner operator, but can also be absentee owned as there is a manager that can continue to run the business (cash flow would be less of course to compensate the manager).

The owners are motivated to sell to the right buyer, money doesn’t necessarily qualify, they want to make the sure buyer is a good fit for the franchise, its employees and members. The current owners operate three locations, two of which we are currently representing for sale, the third may come to the market soon. With such a great business model, location, cash flow and price we don’t expect the opportunity to last so contact us today!


Business Details

Primary Business Category: Retail Trade - Health & Personal Care
Location: Virginia
County: Fairfax

Company Information

Year Established: 2014
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 16

Financial Information

Asking Price: $680,000
Gross Revenue: $821,844
Cash Flow: $273,868
FF&E: $50,000
Inventory: $8,000
Seller Financing Available: Yes

Property Information

Facilities:

Established and profitable club located in Northern VA with room to grow. The club is a well maintained new model club with 5,000 square feet of space including 58 heavy bags, boxing ring, 2 bathrooms with showers, two separate changing rooms, full retail area, cardio equipment and weight area and office. The property's location provides a convenient and desirable locale that is walking distance from two Metro lines (Orange and Sliver) and just minutes away from I-66, Dulles Toll Road, Route 7, and Route 50 providing immediate connectivity to the Washington DC region.

Growth & expansion opportunities:

There are several opportunities for increased growth and expansion by increasing marketing & advertising efforts that can easily bring in an additional 150 plus members per year which can generate upwards of $100k in additional revenue. A new owner might also want to add class passes or drop-in sessions to attract new members that don’t want to or can’t commit to full membership packages. Current enrollment fees and membership pricing can be raised as the current price is on the very low end of the market rate seen in boutique fitness clubs. Additional areas of opportunity would be growing the personal training aspect of the business as well as retail sales. Lots of room to increase revenue and the bottom line with little effort.

Competition:

No immediate direct competition in the market.

Reason for selling:

Part of the 5-year plan, new challenge, relocated with family.

Support & Training:

Franchise training & support program. Seller will also offer 30 days of training and support if needed and will be available thereafter at a fair market rate.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Dustin Zeher

Horizon Business Brokers, LLC