Turnkey Fitness Facility For Sale in Southeastern Massachusetts
Long Term Membership Base with Excellent Retention
Listing Number: 1634
Asking Price: $369,000 (Includes equipment of $220,000)
Gross Revenues: $583,000
Owner's Cash Flow: $148,000
This is a rare opportunity to acquire a full-service health and Fitness Center in the Southeastern region of Massachusetts, where real estate zoned for business is rare and in high demand. With over 16,000 square feet, the business features the latest state-of-the-art cardiovascular and weight training equipment; fitness classes for all ages and interests; racquetball open courts, leagues, and tournaments; personal training sessions; childcare services for members; and more.
Since being established, the business has developed a robust membership base consisting of both longtime residents and seasonal visitors to the popular summertime destination. In 2018, this fitness center reaped gross sales of $583,000, with an Owner Cash Flow of approximately $148,000. More significant profits can be realized by a new owner through an expansion of the current fitness offerings, the development of online retail sales, and other strategies.
The start-up investment costs along with the capital requirements to develop an extensive membership base, far outweigh the sale price for this turn-key operation. This is an opportunity to build upon an already successful business and increase profits without the risk of a multi-million-dollar buildout and fitness equipment purchase.
Growth and Expansion Opportunities
This club provides free childcare for members with children under 13. To increase revenues, members can be charged a fee for these services, or phase out child care altogether and reduce staffing costs and use this area, along with the two racquetball courts, for new income-generating activities, such as a dedicated Personal and Small Group Training, or Functional Training, studio. The newly available space can also be used to expand the Cardiovascular and weight training areas.
Special Points of Interest
- Established location that is well known in the community
- Long term membership base with excellent retention
- Excellent opportunity to expand by adding cross fit and personal training
- Incredible potential to increase sales and cash flow through expansion.
Support & Training: The sellers will provide necessary support and training.
Reason Selling: Retirement