Murphy Business and Financial Corporation presents

Personal Fitness and Wellness Center for Sale in Richmond, VA

(city not disclosed) VA | Henrico County

*sold!*


*** sold! ***

Key metrics

Asking price: $149,500

*Lender Pre-qualified*

Established: 2004

Gross income: $190,432

Cash flow: $98,823

Franchise: No

EBITDA:

Employees: 1 FT/6 PT

Square Feet: 4,000

Home Based: No

FFE: $39,823 (included)

Inventory:

Real estate:

Relocatable: Yes

Business description

This personal fitness and wellness business specializes in developing tailored programs to meet individual needs. Each client is matched with a trainer who helps them achieve their health and fitness goals. Aerobics, yoga, massage and acupuncture programs are also available and can be included based on specific client needs. Owner is just one of the personal trainers - a mix of full time and part time professionals help to create a unique high-end service. Customers are offered memberships or packages to suit their needs and budgets, with about half of the customer base under contract. Tastefully appointed facility and highly qualified staff help to attract and retain a loyal customer base. This is a turnkey opportunity for anyone interested in the high-end fitness industry. Owner will help transition to the right buyer.

Facilities description

State of the art fitness facility is located in the affluent west end of Henrico County. This 4,000 sq. ft. gym is perfectly suited for customer needs. In addition to a large equipment room, site includes a private yoga studio, massage room and spacious shower/locker rooms for men and women.

Financing description

Lender pre-screened w/ $29,900 down.

Competition

Richmond has dozens of cheap mega-gyms, as well as a number of personal trainers, but none who can offer the full range of services and personalized training.

Growth

New owner could recruit additional trainers in order to expand capacity. Current facility would easily accommodate additional sessions throughout the day. Could also introduce additional services including life coaching, physical therapy, a dietician and even psychology.

Support

Will train for 2 weeks @ no cost. In addition to conducting some personal training sessions, owner drives sales and manages day-to-day operations of business.

Reason for selling

Owners are moving to Florida.

Keywords

fitness, fitness center, yoga studio, massage center, henrico county, virginia

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 Michael Metzger


Michael Metzger

Listed by

Michael Metzger,

Murphy Business and Financial Corporation

804-672-4977

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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