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Listing ID: 2895134

Two Premier Gym & Fitness Centers - Property Included! For Sale

Virginia, United States

$ 11,500,000

(Furniture / Fixtures and Inventory / Stock included)
(Real Estate Included)

Revenue: $ 2,596,576

Cash Flow: $ 1,186,221

Business Description

Two Premier Gym & Fitness Centers - Property Included!
Operating since 2000, these membership-based facilities have been providing an exceptional array of fitness structured programs coupled with an endless selection of classes focusing on weight loss, strength, endurance training and flexibility, to name just a few. Trainer based programs are designed on a group basis, team basis, or one-on-one. And over the years the facilities and employees have evolved to accommodate every customer need from convenience in parking, to locker rooms, childcare services and complete spa services. The facilities combined span nearly 50,000 square feet and are conveniently located in two uniquely characteristic and highly sought-after locations. In addition, the design of the operating space lends itself to a pleasing and productive workout routine, as the spaces are open offering up a nice balance of natural lighting on natural textured wood and workout surfaces. The design aspects of these fully equipped workout centers have left nothing out, from creature comfort, to attention to detail, to every piece of standard and specialized equipment imaginable. Membership exceeds 3,000, supported with a staff of over 130 people. The operation is in full stride, delivering results for members as well as financially, as the average monthly membership draft dues exceed $170,000 and the operation’s cash flow exceeds $1.1 million dollars.

Property Details

Years Established:

18 years

FF&E:

$ 418,279

Inventory Value:

$ 10,000

Real Estate Value:

$ 9,400,000

Other Details

Premise Details:

Elegant in it’s design the first facility offers up 15,900 square feet. Common areas include ample parking and a tranquil setting with stunning views and multiple floors. Similar in overall structure the second facility offers up 32,000 square feet. Common areas include an abundance of striped/asphalt parking. Both locations are centrally located with easy access and ample parking.

Expansion Potential:

Growth: In March of 2018 the company introduced a new group training program which greatly increased personal training revenue with an expected gain of $120,000 over 2017.

Operation Details

Employees:

7 FT / 127 PT

Trading Hours:

Mon-Thurs 5am-9:30pm; Fri 5-8; Sat 7-5; Sun 7am-2p

Support & Training:

Will train for 4 weeks @ no cost

Miscellaneous

Reason For Selling:

Retirement.

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