Gym for sale in MD (1449) | American Gym Trader
Profitable 15,000 sq. ft. Gym
(city not disclosed) | MD State | Anne Arundel County
*sold!*
*** sold! ***
Key metrics
Asking price: $699,000
*Seller Financing*
*Lender Pre-qualified*
Established: 1997
Gross income: $914,298
Cash flow: $203,497
Franchise: No
EBITDA:
Employees: 60
Square Feet: 14,694
Home Based: No
FFE: $665,223 (included)
Inventory: $5,000 (included)
Real estate:
Relocatable: No
Business description
New Cardio and Strength Equipment
The gym is located in one of the wealthiest cities in Maryland and is recognized by the community as a generational gym for over 20 years. The customer-oriented business has Five Star Reviews from Yelp and more.
In spite of having virtually no owner oversight and very nominal amount of advertising the business maintains very consistent numbers year after year.
This business has been well managed -- books are in order, website is fully developed, SEO is strong, scheduling systems are in place, and trainers are excellent.
If you want to get into the growing fitness business and desire a solid, established foundation from which to start, this is an incredible opportunity that won’t last long.
Facilities description
The property is 14,694 square feet and opened in 1997 then was rebranded in 2014. Common areas include an abundance of striped/asphalt parking and well maintained by the Landlord.
Financing description
5% with a full offer. Buyers need 10% down
Growth
Owner oversight and additional advertising could easily grow the business.
Support
Management and staff are already in place. Staff consist of one General Manager, Personal Training Director, Group Fitness Director and a wealth of talented support staff for sales and training. Owner will provide 4 weeks training at no cost.
Reason for selling
Absentee owned. Seller has a second business that consumes all of their time.
Keywords
gym, fitness center
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.
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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.
Lean more >> -
FFE – This is the estimated value of the
Furniture, Fixtures and Equipment.
Lean more >> -
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.
Lean more >>
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