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Area: Greater NYC Area Country: United States Description: This business is priced right and will move quickly – so act fast! Beautiful full-fitness boutique gym […]
We are currently the owners of a beautiful unique spin/fitness studio on Long Island. After 3 years my wife and I are looking to relocate […]
Description: This business is priced right and will move quickly – so act fast! Beautiful full-fitness boutique gym with premium construction, focused on studio classes, […]
SOLD Be the OWNER of your very own gym! $110,000 cash flow profit NOW. Perfect for first-time owner, with 2 profit sources, easy to operate. […]
Great for owner/operator, or expansion value for gym owner. Group style fitness classes including; Zumba, cross training, yoga, Pilates, Intensity and more. Variety of Professional […]
Unique, innovative and easy to manage boutique fitness facility for sale. Ideal for first time buyer, owner/operator or expansion candidate. This is worth your time […]
Seize your best opportunity for owner/operator to buy a 16,000 s.f gym for 70% discount off $800,000 replacement cost. Asking price $240,000. Annual revenue from […]
Open your own fitness center, health club or gym. No long term contracts – No franchise fees. More support than any franchise in the industry. Usually there are hefty franchise fees, royalties and long-term contracts to pay after buying a successful franchise business. But under Jim Thomas’ proven program these all disappear, saving the new gym owner thousands of dollars per year.
Health club, Fitness Center or Gym wanted with a minimum of 10,000 square feet up to 40,000+ square feet. Must have solid EFT base. Franchised or […]
Do you own a health club, fitness center or gym in the sun belt, New Jersey, New York, Central Florida, California, Colorado, Kansas City, Atlanta […]
SOLD State of the ART Life Style Fitness Club located in Westchester County, New York. Group Style Fitness Classes Deigned for Specific Purposes. Excellent location […]
Sold*Sold*Sold Upscale state of the art facility. Ideal for first time buyer or personal trainer. The club is a full service, owner operated fitness facility […]
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.