Last Revised: 10/9/19. Posting #: 10249140
Key Words: gym, fitness center, health club, raliegh, durham
Financial Info: Asking Price: $212,000. Gross Revenue: $632,226. Inventory: $350,000. Rent: $14,424/month.
Established: 2018. Large club with 1,400 members and a $32,000 monthly EFT draft.
Profile: Asking Price: $212,000
Gross Revenue: $632,226
Large club with 1,400 members and a $32,000 monthly EFT draft.
Club was a start-up and opened in 2015. The current Owner purchased it in January of 2018.
He added a sports performance business and a boxing business and has grown the revenue and membership. But the club is still in the red and the owner does not have the funds to see it to profitability.
Included in asking price
25,000 square foot club with group fitness, youth sports performance, women’s classes childcare & tanning.
Support & Training:
Reason for Selling:
Lack of funds.
Professional Resources & Contacts To Help You Close Your Deal!
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
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!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
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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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
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
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Profile: Determining a reasonable deposit and appropriate timeline for the various steps involved in a small business transaction can ultimately have a large impact on the sale of a business. BizBenNetwork Manager Jordan Green explains the important role that deposits play in a business’s sale.
Key Words: deposits, escrow, deposit, non-refundable deposit, purchase agreement, attorney, cpa, broker, brokers, buyers, buying a business, due diligence, deal structures, jordan green
Profile: Determining whether to include the value of a business's inventory in the selling price or add the inventory's value in addition to a business's selling price is an issue that occasionally comes up when negotiating the purchase agreement during a small business transaction.
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Key Words: jordan green, profit, profits, profitable, selling your business, sell a business, business owner, value, valuable, business value, profitable business
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