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This is a really cool opportunity to control your own destiny, help a ton of people, and make good money!This is a group training and […]
A turn key studio with an excellent 17 year reputation! Elite 24 hour access fitness facility in the beautiful Napa Valley! This gem in Napa […]
Excellent Gym Facility For Lease – 8,000 SF Santa Clarita, California Property Highlights Well designed layout with reception area, Viewing/Lounge area, open gym area with […]
SOLD*SOLD*SOLD This gym is not only a full Service Fitness Center, but alsoa luxury Polynesian Resort StyleDesign and Ambiance State of the art strength and […]
This virtually new and beautiful facility is just waiting for owner/operator, husband and wife or PT to continue to run this already successful business. This […]
Fitness center in freestanding building with a variety of specialty classes like boxing, yoga and Zumba lead by a personal coach, will train new owner […]
OFF THE MARKET Spinning, weight training, group weight training. Bathrooms with showers. Towels provided. Located in a densely populated area surrounded by many restaurants, and […]
SOLD 7000+ sqft custom designed fitness center with new equipment. 7 different group fitness classes, well developed personal training program and experienced professional instructors with […]
Be your own boss! Attention entrepreneurs, investors and personal trainers: 3 Elements Lifestyle locations are available for purchase in your area! This is a chance […]
PRIME HEALTH CLUB BUSINESS FOR SALE Property Highlights • Equipment Like New • There is over 50 Heavy Bags for Kickboxing and Cardio Needs as […]
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?
Owners of Health Clubs all reach a point in the history of their enterprise when it is time to “hang it up.”
Many factors will tell you when it is time:
- Gym 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 gym business
- Largest accounts in financial difficulty
- Bank unwilling to renew credit lines for gym financing
- Supplier and gym vendor problems
- Staff problems
- Gym member’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.