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SOLD – State of the art owner operated fitness facility in Atlanta, Georgia

  • State: Georgia
  • Country: United States
  • Listed: June 26, 2015 6:21 pm
  • Expires: This ad has expired
SOLD - State of the art owner operated fitness facility in Atlanta, Georgia - Image 1atlanta 2atlanta 3atlanta 4atlanta 5


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Sold Sold Sold Sold

Cardio with imbedded TV’s, full line of circuit training equipment, spacious free

weight area, small class menu with personal training available.  No locker rooms.  Private dressing rooms

and private bathrooms for our clients and a private shower as well.

Midsized state of the art owner operated fitness facility built to be a low

stress long term income earner and designed with a high end look.  Facility is located on a main

thoroughfare into and out of Atlanta in a trendy up and coming Atlanta neighborhood.

Asking Price:  $155,000.00

Annual Sales:  $174,000.00

Cash flow:  2014 =25k:  First five months of 2015 = 24k.  On track for 55k in 2015

Location:  Atlanta Fulton County

No franchise

Active Members:  530

Facility square feet:  6000

Year established:  2011

Employees:  5  Part time contract for desk help and trainers all 1099

Growth Expansion:  Lots of upside here.  Owner operator built facility to be a low stress income earner.

About ninety percent of revenue is memberships.  Plenty of revenue growth in personal training and

other areas with a little effort.

Support/Training:  Owner will train for short duration.  Facility is very simple to operate.

Reason for selling:  Owner’s primary job is being relocated.

Listing ID: 803558ddd5f529dd

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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.


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When is it Time to Sell Your Health Club or Gym?

gymsaleMany 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
- Under-capitalized
- 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

 --- Learn More

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.

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We sold our health club within 4 weeks - Thanks!

Shawn T.