Listing Number: 5182-921264
Take advantage of the opportunity to own a fast growing, recurring revenue business while also getting the satisfaction of helping people create a healthier lifestyle. This very profitable health management and athletic club is perfect for an active owner, manager, a semi-absentee investor, or a strategic buyer who can take advantage of industry best practices. Located in a central location of a suburb to a large Tennessee metropolitan area, the athletic club has been a fixture of its community for over 40 years. Since the current owner bought the business just over two years ago, membership has grown at a CAGR of 53% with plenty more capacity for continued growth with minimal additional investment. The business is producing pro forma EBITDA of over $150k annually and over 90% of the revenue is recurring, contracted membership revenue. Real Estate is included in the listing price and a BOV was completed in April 2021 valuing the property at $1.2 Million.
- Price: $1,795,000
- Down Payment: --
- Sellers Discretionary Earnings: $149,059
- Total Sales: $697,646
- Location: Blount County, Tennessee
- Inventory: $0
- FF&E: $0
- Reason for Selling: The Seller has existing, larger business interests and is seeking to sell this business in order to focus time and effort elsewhere.
- Category: Fitness