- State: South Carolina
- Country: United States
- Listed: May 3, 2019 7:55 pm
- Expires: 340 days, 12 hours
If you have ever wanted to live and work in a resort community, this is your chance! This amazing club has it all – great location, full workout and cardio equipment, indoor and outdoor pools and a spa. What could be better and working in that environment in a resort community! This little gem of a true health club is the perfect opportunity to live your vacation. With not only strong local membership, this club also caters to the huge annual vacation crowd – offering group classes, full cardio and free weights workout facilities, personal training, group classes and even boxing. And, after your workout – enjoy a relaxing spa treatment without leaving the facility. This facility has the only indoor pool within 25 miles.
While the owners are open to selling the business only, they also own the real estate, including other retail space in the center, and would like to retire and sell the business and income producing real estate together.
Asking Price: $750,000 for the Business Only
$2,750,000 for the Real Estate Only
$3,500,000 for the complete package!
Annual Sales: $560,000 (not including rental income)
Cash Flow: $130,000 (not including rental income)
Business Location: Great location in a resort community
Business State: South Carolina
Active Members: 4,500, including seasonal members
Average Dues: $40
Facility Sq Feet: 26,000 Health Club, 30,000 total facility
Year Established: 1993
Employees: 3 FT, 20 PT, 10 1099s
Seller Financing Available: Negotiable for well qualified buyers
About the Competition: While there are other clubs in the area, no other center offers all of the amenities of this club giving it a unique advantage.
Growth Expansion: Location has fantastic growth potential, with a strong community participation as well as plenty of resort traffic
Support Training: Yes, negotiable
Reason For Selling: Retiring!
For more information, please complete the Buyer Profile questions and type in your name as an electronic signature for the Confidentiality Agreement. Then click submit. Someone will get right back with you.
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.