FinancialsAsking Price of business :$775,000
Included In Asking Price :Furniture, Fixtures & Equipment: $150,000. Inventory: $1,000
Annual Sales :$980,000 Cash Flow :$285,000
This attractive fitness center has name recognition, an excellent facility, good membership retention, and a full team of trainers in addition to support staff. Cash flow is consistent and the location is highly desirable.
General InformationYear Established :2010
Employees :6 FT /5 PT
Facilities :The large facility is well appointed and extremely attractive. The center is set up to accommodate different types of training. The location is highly desirable.
Business Location :Southern Maine
Competition & Market :
Competition in the field is abundant, however this studio sets itself apart with high quality client services, excellent trainers, and a meticulously maintained facility. Members who decide to try one of the new fitness centers more often than not return.
Growth & Expansion :
Membership capacity has not been reached. There’s plenty of room for growth in the current facility. There are multiple profit centers that can be added and current ones expanded.
About the SaleFinancing :
Seller, bank financing and down payment TBD. Working Capital Needed $45,000.Support/Training : Seller is committed to the company’s continued success and will provide training and consultation to facilitate a successful transition.
Reason for Sale : After many years in the business the seller would like to pursue other interests.
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