- State: Colorado
- Country: United States
- Listed: January 1, 2018 6:23 pm
- Expires: This ad has expired
This 4200 sq. foot training studio has incredible potential for personal training, group classes and open gym for members.
This is a high-end fitness center with a boutique atmosphere, and state-of- the-art training and health practices. Majority of clientele are well established professionals looking to escape the exhaustion of large corporate establishments. They practice efficient and effective training methods at all hours of the day for each individual. Looking for a new owner who can continue the growth and success of the company. The fitness facility is located in one of the highest foot-traffic volumes in the Denver proper area.
Beautiful storefront fitness facility with full his and her upscale locker rooms as well as a group x/boxing studio. Looking for a new owner to make it thrive as it’s located in a busy business district with a high median income.
Through targeted community outreach the gym has successfully partnered with local businesses, including: apartment complexes, restaurants, and health and wellness centers (yoga studios, chiropractic offices, and acupuncture offices). Every month they initiate fitness challenges and goals amongst community activists to increase the brand’s exposure and exemplify the integrity of the health practices.
In conjunction with state-of- the-art fitness machinery the facility includes 30 feet of turf for explosive-drill training, and a private training studio. The private studio activities include: yoga, Pilates, HIIT training, kickboxing, and various martial arts.
This gym has become a luxury asset of the Denver Technology Center; being located within one of the most affluent area codes in the United States, the potential to grow the business is exceedingly high.
Asking Price: $145,000
Annual Sales: $163,000
Cash Flow: $57,511
Business Location: Denver Technological Center
Business State: Colorado
Number of Active members: 45
Facility Square Feet: 4200
Year Established: 2015
How many employees: 3
Seller Financing Available: NO
About the competition: We are of the only training facilities within the area. There is one large open gym in the area or there are a few small Orangetheory type of training facilities.
Growth Expansion: Yes
Support Training: Yes
Reason For Selling: We have a growing family and would like to spend more time at home.
Additional Items included on site:
Custom Desk: $2500 (purchased new 2016)
HP Computer: $900 (purchased new 2015)
Designer Couch: $7500 (Purchased used 2015)
Stereo: $900 (purchased new 2017)
Washer/Dryer: $400 (purchased used 2015)
Dishwasher: NA (purchased used 2015)
Refrigerator: $300 (purchased used 2015)
A Recommendation of Jim Thomas, President of Fitness Management and Consulting
by Norm Cates, Club Insider Publisher and Tribal Leader Since 1993
Jim Thomas is a talented, experienced, dedicated, determined, and very professional expert in the health, racquet and sportsclub industry. A club industry veteran of over 30 years, Jim has been a Club Insider Contributing Author since March of 2006, when he joined our Club Insider Contributing Author Team. During that time Jim has written and contributed 50 articles which have been published during our 284 months of Club Insider publishing. Jim Thomas is a truly great asset to our publication, and to our wonderful industry, and he can be trusted to deliver great results, over and over, no matter what the challenge.
When is it Time to Sell Your Health Club or Gym?
Many factors will tell you when it is time:
- Owner’s “burn out” Owner’s or key employee’s health problems
- Business relocation or rerouting of expressways
- Lease expires and you do not want to renew for another term
- Changing technology Get estate in order
- Not interested in investing long-term capital
- Children do not want to enter family business
- Largest accounts in financial difficulty
- Bank unwilling to renew credit lines
- Supplier problems
- Staff problems
- Customer’s habits changing
- Seeks retirement
- Wants to cash out and go fishing
Whatever the reason, you will need to plan an orderly transition to new ownership with less involvement on your part.
For more info, please call us at 214-629-7223.