Gym for sale in VA (1468) | American Gym Trader
Popular 24 Hour Fitness Franchise
(city not disclosed) | VA State | Spotsylvania County
*sold!*
*** sold! ***
Key metrics
Asking price: $170,000
Established: 2014
Gross income: $201,835
Cash flow: $49,864
Franchise: Yes
EBITDA:
Employees: 3
Square Feet: 5,000
Home Based: No
FFE: $215,000 (included)
Inventory: $1,500 (included)
Real estate:
Relocatable: No
Business description
Excellent opportunity to be your own boss in this modern 24-hour fitness center. Very easy to operate and backed by one of the best fitness franchises in the world with over 3,000 locations and is currently ranked as one of the top franchise opportunities by a variety of online publications.
This fitness center offers the best equipment available including treadmills, cardio TV’s, Elliptical Cross-Trainers, Exercise Cycles, Stair Climbers, Spin Bikes, Strength Equipment and free weights.
Staffed with two very professional trainers offering, functional training, group training and personal training.
Amenities include 24-hour access, 24-hour security, private restrooms, private showers, HDTV’s and well lighted convenient parking
Growth
New owners could increase sales by having more staffed hours. The current owners do not spend that much time in the gym.
Support
No cost for 4 weeks. Franchisor provides 2 weeks training in Minnesota.
Reason for selling
Owners are choosing a new direction and do not have the time to grow the business further.
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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