Newer fitness club with skyrocketing sales available now! The club looks virtually brand new and is essentially turn-key. They have an experienced and well-trained staff and a devoted and loyal clientele. Club has over 1,400 members almost all of which are on auto-debit monthly dues programs. Between 15-20% of the membership participates in personal training most of which pay for training via auto-debit option. Sales nearly doubled in the past year and 2016 revenue continues to climb at an alarming rate. Facility grossed over $1,400,000 in 2015 with EBITDA of $425,000. Minimal owners’ involvement.

The spacious facility offers a large workout floor complete with numerous cardio and strength machines as well as an area devoted to 1-to-1 and small group training. This facility sets the standard for personal training as proven systems are clearly in place. There is also a full size group studio (offering nearly 50 classes per week) along with a separate spin studio. The club also offers babysitting along with pleasingly designed shower and locker facilities. Parking is extensive and club signage is located on a heavily traveled road. Club is located in a densely populated area with high household incomes. Owner is retiring.

According to IBIS World, the demand for gyms and health and fitness clubs will continue to rise over the next five years, as the general public becomes more health-conscious and the aging population places a greater emphasis on staying fit. The fitness sector is expected to grow at an average annual rate of 2.2% over the next five years and consumers are expected to increase their health consciousness through 2020.

The 12,000 sq. ft. facility is located in a high-traffic, easy access area with adequate parking space. The lease is extremely favorable and also assignable.

Revenue for small group training could be substantial but current owners have only begun to address this revenue segment. The name, brand and concept has the potential to be a franchise or a good platform for opening additional locations.

Posted Feb 18, 2016

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