Large Fitness Center – Recurring Revenue
** UNDER AGREEMENT **
A full-service fitness center west of Boston is available for sale! They have actually established and long-term members and staff along with 2,000 members at this time. Cash receipts at the facility grossed over $1,140,000 in 2014 along with a Seller’s Discretionary Earnings of $154,000. Recurring revenue (monthly EFT) was approximately 70% or $800,000 in 2014.
According to IBIS World’s Gym, Health & Fitness Clubs market research report, the demand for gyms and health and fitness clubs will continue to rise over the next five years, as the general public becomes more health-conscious and the aging population places a greater emphasis on staying fit. The fitness sector is expected to grow at an standard annual rate of 2.2% over the next five years and consumers are expected to increase their health consciousness through 2020, resulting in more Americans desiring to exercise
The spacious facility of 26,500+ square feet offers several amenities including a fully equipped workout area, over 60+ group exercise classes including a private spin room, private yoga and Pilates rooms. The facility likewise includes physical therapy and a karate school, which are both tenants. The building is located in a high-traffic, easy access area along with adequate parking space. The lease is assignable.
GROWTH & EXPANSION
The current club does not do any personal training and small group training services, which represents a huge growth opportunity for a brand-new owner. A buyer could likewise expand marketing efforts and add a juice bar/pro shop to its offerings. Building space is adequate to support a 50% growth in sales.