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$25,000 Down Buys a Growing State-of-the Art Women's Fitness Center

Lake County, Illinois, USA
Listing ID: 461
Asking Price: $100,000
Industry: Miscellaneous Services Has Business Plan : Yes
Year Established: 2008 Gross Revenue : 139000
Net Revenue : 27000 Inventory: 0*
Real Estate : 0 FF&E: 136000*
Franchise : No Home Based : No
Relocatable : No    
A * after the value denotes that it is included in the sale price

State-of-the-art women's fitness center with 24/7 membership access!

This business began in 2008 as a franchised women's only fitness center. By the second year of operation, the owner and part-time operator had decided that the franchise model was too restrictive and didn't fully address the needs of the local community. She wanted to build a full service women's fitness facility that appealed to all age groups and body types. She decided not to renew the franchise agreement and today the business is available as an independently owned and operated entity...no royalties, no AD fees, no restrictive covenants...no hassles. Just a new, clean, state-of-the-art women's fitness center with 24/7 member access, more than 350 members and existing cash flow (including prepaid memberships!) that can be purchased for less than it would cost to build the business on your own! No need to start a fitness center from scratch...use the seller's experience and $25,000 down to become a business owner with a huge head start and money in the bank!

Employees

2 PT

Furniture, Fixtures, and Equipment

The latest in fitness equipment

Market Outlook & Competition

Unlike clubs such as Curves, this club has a dance floor, actual Cardio equipment and offers classes (Yoga, Pilates, Zumba, Kickboxing, Self Defense, etc.). Their pin-select weight circuit is joint sensitive, very important at all age levels. Their membership rates are also very competitive, starting at as little as $24.95/mo

Growth/Expansion

The compound annual growth rate for this business since it opened in mid-2008 has exceeded 45%! This is a direct reflection of the scope and breadth of services and seller's investment in only the best equipment and a full line of comprehensive classes. The growth rate and location spell opportunity for a full time owner/operator!

Seller Financing

Seller would consider financing with $25,000 from a qualified buyer

Support/Training

The seller will provide up to 160hrs of on-site training and transition to the buyer

Reason for Selling

Owner holds a FT job elsewhere and cannot give this growing biz sufficient time

Next Steps

Press the Contact Now button to send and inquiry about the listing

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