Gym for Sale - Great Location & Growth Potential

Description

Well Established, Well Known Gym with over 700 Members! Calling all fitness enthusiasts with an entrepreneurial spirit! All of the "heavy lifting" has been done to get this 6,000 square foot immaculate 24/7 fitness center - located in southwestern VA - ready to buy. Current owner has kept this around the clock gym impeccably clean and welcoming to its 700 members. A great location, lots of cardio and strength equipment and a friendly staff makes this gym a neighborhood favorite. Built in 2015, the gym features a modern layout with an open floor plan. Its prime location is convenient for members, making it a go-to destination for those seeking health and wellness. The gym includes Matrix free weights, treadmills, elliptical machines, stationary bikes, strength equipment, rowers, static weight machines, Smith machines, plate loaded machines, squat rack, resistance treadmill, hydromassage, tanning beds, full locker rooms with showers/lockers, ReAct trainer, overhead TVs, programable/personalized radio, security cameras, panic alarms and much more. With low overhead/operational costs and over $40K in cash flow, this is a lucrative opportunity for an energetic individual with a passion for health and wellness to be become a fitness leader and own your own success story. Detailed Information Real Estate: Leased Building SF: 6,000 Lease Expiration: 5/1/2027 Employees: 4 Facilities: Over $350K worth of equipment with no acquisition costs upon purchase - all paid for! Features top of the line Matrix equipment ranging from cardiovascular to strength training capabilities. Several of the core strength machines like ReAct cannot be found anywhere else. Tanning beds & hydromassage lounge included. We regularly receive top marks on all random secret shopper reviews and are considered one of the cleanest, well-kept locations in the franchise! Competition: This is the only 24/7 gym of its kind in the community and surrounding areas with the most affordable membership plans and the most equipment and premium amenities. Because the brand is well known, this keeps barriers to entry for competitors in the 24/7 space high. We are in one of the busiest retail center in the area. Growth & Expansion: Growth & Expansion: The surrounding area is continuously booming with new construction of residential areas and commercial development, making growth potential tremendous. Offering personal training is another growth opportunity. Other gyms within the franchise average $12-15k/month in personal training revenue. The owner of this location lives two hours away and decided to focus on other investments, but there is tremendous opportunity grow this business within the business. Financing: Preferred lenders available Support & Training: Current owners will provide 2 weeks of hands-on training. Franchisor supported training for new owners and staff consist of both online and in-person training. The training team will teach the new owner everything that they need to know to be successful in this business. They provide all of the processes, procedures and detailed playbook for success. Reason for Selling: Owner does not live in the area and is retiring

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Terri Harof

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