Gym for sale in TX (1492) | American Gym Trader
Popular Fitness Center for Sale - Absentee Owner Benefit $144,000
(city not disclosed) | TX State | Rockwall County
*sold!*
*** sold! ***
Key metrics
Asking price: $425,000
*Seller Financing*
Established: 2006
Gross income: $780,974
Cash flow: $144,111
Franchise: No
EBITDA:
Employees: 29
Square Feet: 7,400
Home Based: No
FFE:
Inventory: $15,000
Real estate:
Relocatable: No
Client review
I recently sold my business through Dave Didion at American Gym Trader. The process began in February 2019. Dave did an excellent job of helping me value the business at a price that was acceptable to me without being unrealistic. His marketing generated numerous leads with several viable candidates emerging during the 9 months it took for the sale. We had a letter of intent in November and closed on December 31st.
Dave was in constant contact with these prospects and communicated regularly by phone and e-mail with me. When I did speak directly with a candidate it was obvious that Dave had properly screened them and they knew the details and financials of the business.
Selling a women's fitness business is not easy. Dave was able to generate leads, screen candidates and manage the process efficiently without wasting my time. I would highly recommend Dave if one is considering the sale of their fitness business.
John G
Results Fitness
Business description
Gross sales revenue up over $200,000 from the previous year.
Very popular fitness center for sale. Very easy to manage and a lot of fun. Sales are growing fast. 2018 Absentee Owner Benefit is $144,000. Owner operators could make more. Seller will entertain all reasonable offers. Reason for sale – seller is retiring.
Locally this fitness business has delivered on a mission to provide an overall health focused high energy workout that’s instructor based and involves a blend of head to toe exercise, cardio conditioning, and resistance training. The fitness center was just recently remodeled with over $30,000 in improvements.
In 2018 the business implemented a very popular weight loss program that increased sales by over $200,000 from the previous year. The program is very successful and 2019 sales remain strong.
This is a great turn key opportunity with a strong operating infrastructure. Management and staff are in place operating the day to day needs of the business. So, a transition will be relatively easy and will be supported by the current owner.
Sales continue to grow year after year
2016 Gross Sales: $554,552
2017 Gross Sales: $565,207
2018 Gross Sales: $780,974
Facilities description
The 7,400 sq. ft. fitness center was just recently remodeled with over $30,000 in improvements.
Financing description
Seller Financing 5% with a full price offer
Support
No cost for 2 weeks
Reason for selling
Retirement
Keywords
gym, fitness center, for sale,
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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