What is a Hidden Market or Hip Pocket Gyms | Fitness Centers for Sale Listing?
A Hidden Market or Hip Pocket Gyms for Sale Listing is Broker terminology that a gym, fitness center or health club is for sale but is not formally advertised. The only way to know that the gym or fitness center is for sale is through a Gym Broker who is aware that is available through their networking connections.
To find out about these opportunities, a buyer needs to be in touch with the Gym Broker about these unique opportunities.
Remember, the knowledge of these gyms or fitness centers is “hidden away” in the broker’s “hip pocket” and the buyer needs to be sure and ask. You will typically find these opportunities in such hot markets as the Northeast and west coast.
Ask us about hidden market and hip pocket opportunities.
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Secrets to Buying a Gym or Fitness Center for Sale
Will you achieve your dreams or plans for the future by buying a gym or fitness center? Will this fit the lifestyle that you want? Buying an existing gym or fitness center is advantageous because both have an established member base and ongoing operations. Financing from traditional sources is also easier. Below are tips in finding the right gym or fitness center opportunity.
1. Are you familiar with the products or services offered by the gym or fitness center?
What type of gym do you want? Does it match your background and experience? Having some understanding of the type of gym will lessen the amount of time you spend familiarizing with the product service, market and industry.
2. Do you have the support of your family?
Running your own gym requires a lot of time and effort. There are some tasks that you cannot delegate to your employees. Share your plans with your family, so they understand and support your commitment to the gym.
3. Did you research the market an…
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