MergerPlace

Highly Profitable Fitness -3 Locations

Washington (King)


  • Asking Price: $1,000,000
  • Gross Income: $1,183,974
  • Cash Flow: $352,267
  • Real Estate: Not Disclosed
  • Inventory: $2,000
  • FF&E: $190,000
  • Listing ID: #218256
  • Established: 2009
  • Employees: 3

Business Description

This popular, highly profitable fitness business is NOT a franchise. It has three locations offering workouts with key elements of Pilates together with strength training and cardio. Dynamic class environment--low impact, high intensity, building physical and mental strength. Excellent well equipped locations with significant leasehold improvements. Key management staff in place. Amazing instructors. Owner works about 10 hours a week overseeing.


Business Details

Primary Business Category: Retail Trade - Health & Personal Care
Location: Washington
County: King

Company Information

Year Established: 2009
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3

Financial Information

Asking Price: $1,000,000
Gross Revenue: $1,183,974
Cash Flow: $352,267
FF&E: $190,000
Inventory: $2,000
Seller Financing Available: No

Property Information

Facilities:

All three studios have highly desirable and visible locations convenient for clients. Leasehold improvements add up to approximately $500,000 plus $200,000 in equipment.

Growth & expansion opportunities:

Studios are at approximately 75% capacity. Continue to grow by challenge classes and additional marketing.

Competition:

The profits demonstrate it is exceeding the competition and has found the right business model. It successfully provides an environment that clients want--one that powers the spirit as well as the body. Each client receives personal attention during class.

Reason for selling:

Pursue new opportunities.

Support & Training:

Will train for 4 weeks @ no cost. Classes and private training is offered in monthly packages. Team includes Director, Studio Manager and Senior Instructor. Owner is not one of the trainers. New owner does not need fitness experience.

Contact Business Seller

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Business Listed By:

Judy Elrod

Murphy Business Brokers