Gym for sale in CO (1539) | American Gym Trader
SBA Pre-approved Fitness Franchise | 350,000 Owner Operator Benefit
(city not disclosed) | CO State | El Paso County
*under contract!*
* under contract *
Key metrics
Asking price: $950,000
*Lender Pre-qualified*
Established: 2008
Gross income: $505,495
Cash flow: $333,000
Franchise: Yes
EBITDA:
Employees: 1
Square Feet: 6,000
Home Based: No
FFE: $66,041 (included)
Inventory: $400 (included)
Real estate:
Relocatable: No
Business description
American Gym Trader is proud to present this well established modern 24-hour fitness center with approximately 1,000 members. This turn key business with low overhead cost has been a leader in providing a high quality fitness experience to the Southern Colorado community for over 15 years. Backed by one of the best fitness franchises in the world this very profitable business is operated by only one person. The owner only works approximately 35 hours a week and currently nets approximately $350,000 a year after expenses.
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.
Membership base has historically always been near 1,000. Amenities include 24-hour access, 24-hour security, funtiional training area, group exercise room, private restrooms, tanning bed, private showers, HDTVs, and well-lit convenient parking. Additional revenue could be made by implementing personal training and adding annual club enhancement fees.
The business has been SBA pre-qualified through our lender HomeTrust Bank with $105,000 down payment. Included in the loan is a $50,000 Working Capital allowance paid to the buyer at closing. Buyers must have business experience or preferably health and fitness related business experience to get landlord approval. Other buyer cost would be landlord security deposit and franchise fees.
Growth
Personal training is not currently offered and could be a very good additional profit center.
Support
Franchisor provides 2 weeks training
Reason for selling
Retirement
Keywords
fitness, gym, 24-hour
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
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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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