Gym for sale in VA (1500) | American Gym Trader

Gym for sale in VA (1500) | American Gym Trader

Profitable Fitness Franchise Chain with Exclusive Territory Rights

(city not disclosed) | VA State (county not disclosed)

*sold!*


*** sold! ***

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Key metrics

Asking price: $1,395,000

*Seller Financing*

*Lender Pre-qualified*

Established:

Gross income: $1,699,724

Cash flow: $550,993

Franchise: Yes

EBITDA:

Employees:

Square Feet: 10,000

Home Based: No

FFE: $225,000 (included)

Inventory: $8,800 (included)

Real estate:

Relocatable: No

Client review

Dave Didion of American Gym Trader is a true professional. He knows the ins and outs of the fitness industry and has many contacts to both buyers and preferred lenders as well as many other industry professionals. Dave put together a very comprehensive business review show-casing our businesses and had a robust marketing platform that generated tons of interest in our businesses. We went live on Dave’s platform Christmas week and had two full price offers within three days. Dave vetted the buyers extremely well so we did not waste time going under contract with buyers that would not cross the finish line.

Our experience with him was nothing short of phenomenal. His business acumen is second to none and his ability to navigate the multiple interested buyers through the due diligence process was amazing. Needless to say we were able to sell all three of our locations for top dollar actually far surpassing the price point of any prior sales in our franchise.

When you combine his level of expertise, experience and his marketing platform you get success. Hats off to Dave. We wish everyone we worked with on a professional level conducted themselves as Dave does.

I would strongly recommend utilizing his services if you are looking to sell your businesses. 

Chris B.

I Love Kickboxing, VA Beach

...

Business description

Profitable Fitness Franchise Chain with Exclusive Territory Rights. Three Spectacular Franchise locations highlight this grand opportunity in Southern Virginia. These Member Based, High Energy Fitness Center facilities began operations in 2015 and continue a sharp growth trajectory, making 2018 the most profitable year since the company opened. 

The three facilities collectively span in excess of 10 thousand square feet, providing a space platform which fully and comfortably accommodates their membership activities. The combined facilities have over 800 members and growing. Why the strong member base and financial performance? Nationwide the franchise 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 exercise regimen is augmented with overall nutrition and is proper diet focused. As a result, members are finding the organization and developed program is assisting them with a gamut of needs from fitness, to health improvement, weight loss, and an overall sense of simply feeling great. Further, the system works for men and women in any age bracket.

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 both the current owners and the  Franchise operation. The current owners have a life changing experience underway as they have relocated to Florida and this is the driving force behind their reason to sell. However, it also speaks to the strength and ability of the current Management and Staff as the facilities are running and operating without missing a beat.

Facilities description

The three facilities collectively span in excess of 10 thousand square feet, providing a space platform which fully and comfortably accommodates their membership activities.

Financing description

Lender Pre-Screened with $209,250 Down.

Support

Will train for 3 weeks @ $0 cost.

Reason for selling

Relocation.

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 Dave Didion


Dave Didion

Dave Didion

American Gym Trader

571-989-6375

No Spam Please

Do not contact the broker/seller for any reason other than your interest in buying a business!

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.
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  • 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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