Murphy Business and Financial Corporation presents

Full Service 24-7 Fitness Center Gym in High-Traffic Area

(city not disclosed) SD (county not disclosed)

Key metrics

Asking price: $165,000 1

*Lender Pre-qualified*

Established: 1995

Gross income: $206,889

Cash flow: $49,555

Franchise: No

EBITDA:

Employees: 12 PT

Square Feet: 5,500

Home Based: No

FFE: $82,895 (included)

Inventory:

Real estate: $395,603 (available)

Relocatable: Yes

1 Real estate value ($395,603) NOT included in Asking price ($165,000) but is available for purchase

Business description

Ongoing for 20+ years, this modern facility has top equipment and loyal customers. The 300 members can take advantage of the 20 classes each week taught by one of the 12 part-time instructors. The front desk is staffed 40 hours a week and the facility is open 24/7 via key-less entry. Income is steady and memberships continue to increase due to one-on-one training opportunities and other amenities not offered anywhere else.

Facilities description

The 5500 sq. ft. leased space has rows and rows of late-model equipment, separate group fitness rooms and semi-private workout space. The modern showers and locker rooms have secure storage options. There is even semi-private outdoor space available when weather permits and a safe space for running nearby.

Financing description

Lender pre-screened w/ $41,250 down. Pre-qualified with a leading national bank!

Competition

The primary competition has saturated the Sioux Falls market, and that disruption has passed. Clients see considerable value in the hands-on service they receive and are willing to drive extra to workout here.

Growth

Through targeted marketing and advertising memberships could be increased. Very little merchandise and product is sold. This could be an added revenue stream.

Support

Will train for 2 weeks @ no cost. New treadmills, bikes and ellipticals compliment state-of-the-art weight machines. For the more adventurous there are battle ropes, tires and free weights. 20 classes are offered by instructors. Individual personal training is available. Unlimited tanning is included with membership.

Reason for selling

Seller would like to focus on other business closer to home.

Keywords

fitness, fitness center, gym, south dakota

disclaimer

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Contact Josh Grode Wolters


Josh Grode Wolters

Listed by

Josh Grode Wolters,

Murphy Business and Financial Corporation

605-275-6464

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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