Profitable Training Studio & Fitness Business For Sale
Essex County, Massachusetts
Listing: 1238
Financial Information
Asking: $285,000
Gross: 175,000
Cash Flow: $93,500
Summary Description- Personal Training Business for Sale
An attractive and profitable personal training business is for sale in Essex County! This is a fantastic opportunity to purchase an established and turn-key business! In business for over 20 years, they have built up a loyal client base from the surrounding area and generate most new business through word-of-mouth and referrals. The mostly absentee owner only works 5 hours per week and made over $170,000 in seller's discretionary earnings in 2008! A buyer does not need to be a certified personal trainer - the business can be learned. The business provides one-on-one personal training services as well as dual training or small group training (1 trainer/4 clients), cycling classes and customized cycling classes. They also recently started to provide massage services, especially sports massage. Their personal training style is to use more free weights and body weight to build strength and endurance, and they do not have the traditional weight machines seen in most gyms. Their equipment and techniques are unique, which make them very popular and sets them apart from personal training services offered at most gyms. The business not only focuses on helping regular people get into better shape, they also do a good amount of sports and other rehabilitation. They work with clients of all ages, including young athletes from junior high school through college age.
General Information
Facilities: The studio is over 3,000 square feet and split into different areas for training, cycling, massage and office space. There is plenty of parking outside and the rent is currently $1,500 a month which includes all CAM charges. The lease is currently month-to-month. The landlord will negotiate a new lease with a buyer. All of the equipment is in excellent condition and no capital expenditures are anticipated this year.
Growth and Expansion: The location has additional usable space for a buyer, including a large, finished room for group classes such as yoga and pilates. Adding yoga, pilates and other classes could draw more clients to the location as well as additional revenue from current clients who would pay extra for the classes. The business also has additional usable space on their floor where a buyer could add spa services such as massage, facials, body treatments, tanning and waxing. There is a need for these services within the town and adding them would provide a one-stop wellness center for clients.
Support/Training: The owner will offer the necessary support and training, however the business is fairly turn-key.
Reason Selling: Owner would like to travel.
Year Established: 1986
Employees: 9
Contact Information
Contact: Sarah Gudema
Phone: 617-562-5700
BayState Business Brokers, 60 Leo Birmingham Parkway Suite 1L Boston, MA 02135
T: 617-562-5700, F: 617-562-5701
info@mabusinessbrokers.com