SOLD! – 7 LOCATION INDEPENDENT GYM – $3.3 MILLION REVENUE – $788K NET FOR SALE
Industry: FITNESS / GYMS
Arizona based independent gym with 7 locations is being offered for sale. The 7 gyms are spread out over three metro areas spanning 2 states. The business concept has reached the point of proof, operating profitably in each of its 3 separate markets; making this business extremely attractive for a buyer who wants to continue rolling out the concept.
Established in 2010, the business has steadily grown its location and membership counts. They offer individual and group training focused on functional strength for individuals of all fitness levels.
The owners actively work a combined 20 to 30 hours a week. They work on the business and not in the business. The owners have other business ventures that take up most of their time and energy. Operations are handled by capable and experienced managers. Customers are trained by +-25 trainers.
The business is on track for over 3.3 Million of revenue for 2018, with approximately $780,000 in seller’s discretionary income. Membership counts are currently more than 1800.
This business would make for either a great bolt on acquisition for another fitness company or can continue to be independent and scaled within existing and new markets.
Asking Price: $2,650,000
Gross Income: $3,364,595
Down Payment: $2,650,000
Cash Flow: $788,000
FFE: $425,000 (Included in Price)
Reason For Sale:Other interest.
Training & Support:The seller is willing to train, the time frame is negotiable.
Year Established: 2010
General Location: ARIZONA