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Fitness Business In Durham County For Sale

Durham County, North Carolina, US
Asking Price:
$165,000 (USD) Inventory / Stock included
Sales Revenue:
$394,634 (USD)
Cash Flow:
$88,000 (USD)

LISTING ID # 33573

This is a family owned, designed and operated fitness facility. No corporate influence has molded their vision over the years. Members recognize that their relationship with them is much more personal and as a result, they keep members for a lifetime. They offer a balanced approach to fitness, unlike some gyms that offer niche fitness. They have a fully diversified fitness environment. They provide a wide array of group fitness classes (Barre, Yoga, Zumba, Pilates, HIIT, etc), a cross training area with artificial turf, sled and bumper plates, a full-body circuit training area with selectorized equipment, a cardio arena (treadmills, ellipticals, stepmills and recumbent bikes) and a large free weight area. Amenities include childcare, tanning, shower facilities and personal training. The loyalty of the community is second to none and turnover is relatively low compared to industry standards. In turn, they understand their responsibility to support the local community within which they operate. For example, the day they temporarily closed as a result of the pandemic (March 17, 2020), they delivered over 500 pounds of food to low-income families of their community.Over the years, their influence and reputation in the area has kept larger chain gym from attempting to add their footprint to the community. This is the only full-service gym around and showed significant growth from December 31, 2018 to December 31,2019.The sellers have moved out of state to be closer to family which makes it difficult to manage the business in the manner required.

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Business Operation

Reasons for selling:

Relocation

Employees:
2FT/12PT
Years established:
2010

Other Information

Support & training:

Seller will train

Furniture / Fixtures value:
$135,000 (USD)
Inventory / Stock value:
$625 (USD) - included in the asking price

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