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For Sale Fitness Center, Gym In Rockwall County, Texas

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Contact: David Didion at 571-989-6375, 571-989-6375 - Log In To Message/Email This Contact
Last Revised: 9/19/19. Posting #: 10249079
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Premium  Premium+  Absentee Run  Financing  
Key Words: gym, gyms, fitness, fitness center, health club, rockwall
Financial Info: Asking Price: $425,000. Gross Income: $780,974. Cash Flow As Absentee Owner In 2018: $144,111. Gross sales revenue up over $200,000 from the previous year. 2016 Gross Sales: $554,552. 2017 Gross Sales: $565,207. 2018 Gross Sales: $780,974. Seller Financing 5% with a full price offer.
Profile: Gross sales revenue up over $200,000 from the previous year.
Very popular fitness center for sale. Very easy to manage and a lot of fun. Sales are growing fast. 2018 Absentee Owner Benefit is $144,000. Owner operators could make more. Seller will entertain all reasonable offers. Reason for sale – seller is retiring.

Locally, this fitness business has delivered on a mission to provide an overall health focused high energy workout that’s instructor based and involves a blend of head to toe exercise, cardio conditioning, and resistance training. The fitness center was just recently remodeled with over $30,000 in improvements.

In 2018, the business implemented a very popular weight loss program that increased sales by over $200,000 from the previous year. The program is very successful and 2019 sales remain strong.

This is a great turn key opportunity with a strong operating infrastructure. Management and staff are in place operating the day to day needs of the business. So, a transition will be relatively easy and will be supported by the current owner.

Sales continue to grow year after year.
2016 Gross Sales: $554,552
2017 Gross Sales: $565,207
2018 Gross Sales: $780,974

Facilities Description:
The 7,400 sq. ft. fitness center was just recently remodeled with over $30,000 in improvements.

Financing Description:
Seller Financing 5% with a full price offer.

Established: 2006

Employees: 29

Support:
No cost for 2 weeks.

Reason For Selling:
Retirement

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Contact: Peter Siegel, MBA at 925-701-8064 X313, 925-785-3118 (Cell)   Log In To Message/Email This Contributor
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
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Contact: David Didion at 571-989-6375   Log In To Message/Email This Contributor
Profile: We sell boutique gyms to national fitness center chains. The American Gym Trader Difference: We pride ourselves on being there for gym owners, because we used to be in their shoes! Our team spent more than two decades in the fitness industry, owning a gym just like you do.
Key Words: david didion, american gym trader, business broker, consulting, business valuation, gym, fitness, rockwall
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Contact: Jim Thomas at 214-629-7223, 214-629-7223 (Cell)   Log In To Message/Email This Contributor
Profile: Jim Thomas is the well-known founder and president of Fitness Management USA Inc., a management consulting, turnaround and brokerage firm specializing in the fitness, health club, and sports industry throughout the United States.
Key Words: jim thomas, fitness management & consulting, gyms for sale, business broker, business valuation, due diligence, consulting, fitness, gym, interval training, health club, athletic club, crossfit, dallas, collins, washington dc, marion, hillsborough, portland, multnomah, anna, prescott valley, yavapai, guliford, cicero, kings, leadville, lake, celina, raliegh, durham, clifton park, saratoga, cincinatti, hamilton
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Contact: Willard Michlin at 805-428-2063   Log In To Message/Email This Contributor
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
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Contributor: Spencer Siegel at 925-701-8064 X315   Log In To Message/Email This Contributor
Profile: Owner sellers begin the process of selling their business with incorrect assumptions derived from a subjective mindset, limiting their ability to properly market to buyers. By understanding the motivations and goals of business buyers better, owners can sell their businesses more quickly.
Key Words: selling a business, seller, buyers, escrow, spencer siegel
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
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Key Words: broker, brokers, business broker, business brokers, broker fee, escrow, listing contract, negotiation, business for sale listing, up-front fees, broker cooperation, brokerage, seller, business owner, jordan green
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