Gym for sale in TX (1420) | American Gym Trader
Niche Full-Service Health and Fitness Centers Gyms
(city not disclosed) | TX State (county not disclosed)
*sold!*
*** sold! ***
Key metrics
Asking price: $23,000,000 1
*Seller Financing*
*Lender Pre-qualified*
Established: 1984
Gross income: $5,500,000
Cash flow: $670,000
Franchise: No
EBITDA:
Employees: 26FT
Square Feet:
Home Based: No
FFE: $1,500,000 (included)
Inventory: $5,000 (included)
Real estate: $19,000,000 (available)
Relocatable: No
1 Real estate value ($19,000,000) NOT included in Asking price ($23,000,000) but is available for purchase
Business description
**This business is Pre-Approved for SBA backed financing with a qualified Buyer.**
Privately owned chain of 4 Fitness Centers in central Texas.
This is a rare opportunity as this is the first time this company has come on the market in 31 yrs.!
This company is the largest Health and Fitness Centers in the area with a membership exceeding 16,000. It is 2x the size of their closest competitor! The reputable full-service locations offer the largest range of amenities and services in the area with modern equipment and a neat & clean environment.
Experienced management staff in place with General Managers responsible for each location to oversee the operations of each site.
10 year leases for each facility will be put in place at time of transition.
This is a well Established & Profitable, Turn-Key operation with a 71+% member retention rate, and additional growth opportunities.
Real Estate is also available for sale.
Facilities description
4 prime locations totaling 86,147 sqft. 3 locations are large stand-alone full service centers, 1 location is a 24hr fitness center. Full service locations have combinations of indoor & outdoor swimming pools, resistance machines, free weights, treadmills, stationary bicycles, computer assisted training, audio/visual equipment, hot tubs, saunas, indoor track, outdoor tennis courts, basketball courts, personal training and group training rooms, massage rooms, lounges, locker rooms, and nursery facilities. They are well kept, and surrounded by residential housing, shopping locations, businesses, and eating destinations. The exercise and weight equipment at all locations is owned, and upgraded regularly to maintain the latest technologies and quality with equipment from Precor, Technogym, Cybex, and Lifefitness.
Financing description
Negotiable
Competition
No competitor in the area offers comparable full-service facilities. No competitor in the area offers the same number of locations. No competitor in the area offers the full range of amenities. The cities where located are experiencing significant growth from recession tolerant industries.
Growth
This area is experiencing rapid economic and population growth with businesses to support the growth in the local universities and the boom in medical related businesses and hospitals. Both industries being recession tolerant, this opens up opportunities to add additional full-service locations. Additional opportunities exist to partner with medical facilities to become preferred wellness centers and to partner with area businesses to engage in health and wellness programs. This business is also a good candidate for franchising or expansion to other cities.
Support
Ownership is willing to stay with the company for 30 days included in the price.
Reason for selling
Retirement
Keywords
health, fitness, gym
disclaimer
American Gym Trader has not made any independent investigation, verification or audit of the information contained in this advertisement and makes no representations or warranties, express or implied, regarding the accuracy or completeness of the information contained herein or linked to and assumes no responsibility to its accuracy or completeness. When buying or selling a business American Gym Trader encourages you to seek the advice of a professional business broker. American Gym Trader has no monetary interest in the sale of the business. American Gym Trader does not warrant the Right of Use of any photography, logos or graphics.
Contact Bernie Wilimitis
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Frequently Asked Questions
Important terms
- Gross Income - This is the total gross sales and receipts from line 1 of the tax return. Learn more >>
-
EBITDA – Earning Before Interest Taxes
Depreciation and Amortization. This financial term is generally only
used with multi-million- dollar businesses.
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FFE – This is the estimated value of the
Furniture, Fixtures and Equipment.
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Inventory – This is the estimated value of
the retail products and merchandise.
Lean more >> - Cash Flow – Cash Flow is often also called
Sellers Discretionary Earnings or Owners Benefit. All debts on a
business are normally paid off at closing. Cash flow is the total of
net profit, owner’s salary, depreciation, amortization, interest, perks
and non-recurring expenses.
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