MergerPlace

2 Upscale & Modern Group Fitness Centers

Virginia (Arlington)


  • Asking Price: $490,000
  • Gross Income: $505,565
  • Cash Flow: $170,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $150,000
  • Listing ID: #224738
  • Established: 2017
  • Employees: 14

Business Description

Great opportunity to own two top-rated and innovative group fitness centers that provide a proprietary group exercise program, personal training, and open gym services. The Arlington location was opened in 2017 and has established a large loyal client base, and the Alexandria location opened in October of 2020 in a new upscale mixed-use plaza. Each facility is outfitted with the latest cardio, strength training, and functional fitness equipment as well as wearable heart rate technology that can display on screens throughout the facility. The centers are both situated in densely populated and growing parts of Northern Virginia surrounded by high-income neighborhoods.

Here’s a general breakdown of the equipment (please note a detailed inventory of all FF&E will be provided upon completion of our Buyer’s Package):

Cardio Equipment: High-capacity curve treadmills, air bikes, spin bikes, machine rowers, elliptical, and punching bags.
Strength Training: Barbells, weight plates, flat/incline/decline benches, multi-racks for squats and compound movements, suspension gear (TRX), dumbbells from 5-90 lbs (several sets), slam balls (10-20 lbs), cable pulley machine (functional trainer), isolated strength machines (multi-press, leg press, shoulder press), resistance bands.
Functional/Athletic equipment: Sliding discs, push sleds, swiss/exercise balls, jump boxes, battle ropes, jump ropes, climbing rope, gymnast rings, mats, etc.

This is a great opportunity for someone in the fitness industry or an entrepreneur looking to have their own operation without the headaches and high costs of creating a business like this from scratch. The business has a great reputation in the area and stellar reviews on all major online review platforms, but the owners are heavily involved in other business endeavors and don’t have the time/ability to run both, so they’re looking to sell these two locations.


Business Details

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

Company Information

Year Established: 2017
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 14

Financial Information

Asking Price: $490,000
Gross Revenue: $505,565
Cash Flow: $170,000
FF&E: $150,000
Seller Financing Available: Yes

Property Information

Facilities:

Arlington: 2800 sq ft includes group training/gym area, semi-private training area, 2 unisex bathrooms, 1 unisex shower, 1 employee bathroom/storage area, water fountains, and reception area. Alexandria: 3200 sq ft includes group training/gym area, semi-private training area, 2 unisex bathrooms, 1 unisex shower, 1 office, 1 storage closet, water fountains, and reception area.

Growth & expansion opportunities:

There are numerous areas for growth and expansion as each operation. The Arlington location has been established for over 3 years and has a loyal and dedicated clientele. The Alexandria location opened in October of 2020 and a new owner would want to focus on growth, marketing, and member development. This is a great opportunity for someone with experience in the fitness industry. Each location is situated in established parts of Northern Virginia with young adults, families and professionals who would be ideal members.

Competition:

There is standard competition for the industry and market. The fitness centers are part of a proven concept with a successful track record in the DC Metro area. They have been named the top fitness class in Arlington by ClassPass users, outranking franchises and other major players in the area.

Reason for selling:

Owners would like to move out of state to focus on family and other business interests.

Support & Training:

Seller will provide necessary training and support over a period of 30 days. Seller can be hired for additional time after 30 days.

Contact Business Seller

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Business Listed By:

Dustin Zeher

Horizon Business Brokers, LLC