Fitness Club #000189

24 hour access fitness club located in the hub of high income area of Denton County is now available for sale. This 3,500 SF fully-equipped private club gym is occupied in a retail shopping center located right next to one of the largest grocery chain which draws several traffics. This fitness club has actually about 145-150 members at the current moment but can has actually a capacity up to 300. Each member is issued a key card which he or she can privately access the gym any time they want. Beside revenues from membership, personal training and supplement sales are other sources of income which account for about 30% of total revenues but these two sources of revenues can be drastically increased by carrying more lines of supplement products and hiring more personal trainers.
Membership revenues can be significantly increased if pro-active marketing take place toward residents nearby. In addition to existing high income residential areas, there is another 600 brand-new house residential development under progress much less than a mile away from the club which can be another big area that can be marketed to increase membership. Current owner does provide personal training services to select customers by themselves and can be replaced by one part-time personal trainer. Cash flow stated herein is after adjusting a reasonable split that will get to the part time trainer out of total personal training revenues. If more personal trainers are hired, the revenues from personal training can be grown further. All of the fitness equipment is industry top of line and is in excellent condition. This is a great opportunity to acquire a 24 hour access fitness club located in a fast growing area where a huge residential development is on its way.
For more info, please call Moon Kim at 1-866-519-2421 Ext. 101.

Asking: $195,000
Furniture, Fixtures & Equipment: $100,000 (Included in listed price)
Inventory: Not Disclosed
Financing: 100% cash at Closing
Facilities: Occupied in a 3,477 SF of retail end-cap ~