New Price! Growing Fitness Center with Classes and Cardio Equipment, ...

Undisclosed Address, Portsmouth, NH 03801
Business Opportunity for Sale
Catylist Listing ID: 30453891
Property Subtypes: Health and Medical
Building Size (RSF): 5,267 SF
Sale Price: $110,000
Year Business Established: 2006
Gross Revenue: $360,000 (Annual)
Cash Flow: $65,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 3/26/2020

Overview / Comments

An established gym with a growing base of hundreds of members is for sale in the Seacoast New Hampshire area! The gym offers cardio and strength machines, free weights, and a large variety of fitness classes taught by a team of certified instructors. The gym also offers personal and small group training options. The space has been completely remodeled within the last year and the equipment is all brand new. This is a profitable, turnkey operation with very little involvement by owner.  It's in an excellent location that is set up for continued success.

With recent changes, an Owner working in the business could expect $65,000+ for discretionary income.

Name & Location to be disclosed with completed NDA.

Additional Details

Industry Segment: Health Clubs and Spas
Reason for Selling: Divestiture
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $80,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: The business is located in a high traffic location, close to major highways and shopping areas. The gym has multiple studio spaces, a large cardio area, a free weight area, a childcare room and spacious locker rooms. The gym was repainted within the last year and new flooring was installed in the studio spaces.
Mgmt/Training Support Description: Seller is willing to assist in support and training.
Competition/Market Description: There are a number of other gyms in the area but still plenty of room for growth.
Growth/Expansion Opportunities: The gym membership has been growing significantly at various price levels while continuing to retain customers. There are many ways to boost revenues including increasing marketing efforts, offering more classes and specialized programs such as offering massages, and gym apparel.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,692 27,268 41,786
Median Age: 41.78 42.04 42.78
Households: 5,379 12,918 18,988
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