OFF THE MARKET – Charming Boutique Fitness Studio For Sale – Ideal for Instructor or First Time Buyer
- State: Louisiana
- Country: United States
- Listed: October 10, 2018 8:15 am
- Expires: 231 days, 3 hours
OFF THE MARKET
This charming boutique fitness studio is an ideal acquisition for a group instructor, first time buyer or anyone seeking an ease of entry into the fitness business. With modern equipment and an attractive lease, this well-run facility offers a loyal member base and plenty of upside.
Asking Price: $150,000
Annual Sales: $268,291
Cash Flow: $55,021
Business Locations: Shreveport/Bossier City
Business State: Louisiana
Active Members: 450
Facility Square Feet: 3,000
Year Established: 2013
How many employees: 5 FT and 10 1099 instructors
Selling Financing: Available for qualified buyer
About the competition: This unique boutique fitness facility stand out from the crowd in member engagement and member satisfaction.
Growth expansion: Yes, lot’s of room for growth and expansion in the space as well as ancillary sales opportunities
Support Training: Yes. Whatever is needed
Reason for selling: Moving out of the area.
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.