Listing Number: 86715-221669
The center is a locally owned 24-Hour facility that offers a huge collection of free weights,wide variety of strength training machines to suit any fitness level,Cardio equipment, SilverSneakers classes for Seniors,Unlimited tanning,Personal training,Licensed massage therapist, Locker rooms, and shower facility.
Membership along with revenues have continued to increase each year along with their cash flow. The equipment has been updated every couple of years along with the inside of the building. Memberships account for 88% of the total income. The other portion of income comes from insurance reimbursements/incentives from Seniors, Personal Training, Tanning Bed Packages, Room rentals from Massage Therapist and Personal Training, along with sale of apparel.
The center has capacity to support more members with a total of 14,000 Sq.Ft, which the business is only using 11K Sq.Ft of the total space. It has a tanning area with 5 tanning beds and additional room to provide more classes for Seniors, while adding more trainers/physical therapists.
- Price: $190,000
- Down Payment: $53,000
- Sellers Discretionary Earnings: $43,000
- Total Sales: $210,000
- Location: Jefferson County, Alabama
- Inventory: $0
- FF&E: $220,063
- Employees: 5
- Year Established: 2003
- Reason for Selling: Retirement
- Category: Fitness