- State: North Carolina
- Country: United States
- Listed: November 29, 2018 12:05 pm
- Expires: 66 days, 20 hours
|This well run, family oriented gym is ideally suited for entrepreneur that is seeking a business that cash flows and allows for absentee ownership. The gym is a full service gym with a full array of health and wellness services with a strong loyal customer base.|
|The gym is a family owned 24hr facility with a full set of services including classes, personal training, chiropractic, massage therapy, Bowen therapy, tanning, children’s programs and care , with room to expand|
|Asking Price: $747,000 with real estate not included|
|Annual Sales: $500,000|
|Cash Flow: $244,000|
|Business Location: Great location on major roadway|
|Business State: North Carolina|
|Number of Active Members: 2000|
|Facility Square Feet: 12.5k|
|Year Established: 2001|
|How Many Employees: 1 GM, 1 local manager, 5 part time staff|
|Seller Financing Available: Qualified Buyer|
|About the Competition: The gym is the only non- franchised gym in the area. It is built around a family atmosphere and has a loyal membership base so competition is limited to mainly the YMCA
Location has a large potential for growth, by adding bootcamp, small group training and other classes, increase PT sales, partnership with local schools and business have just started
Support Training: Yes up to 1 year
Reason For Selling: To spend more time with family and kids
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.