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Fitness Center In Southern Maine For Sale

Southern Maine, Maine
Asking Price:
$775,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$980,000 (USD)
Cash Flow:
$285,000 (USD)

This attractive fitness center has name recognition, an excellent facility, good membership retention, and a full team of trainers in addition to support staff. Cash flow is consistent and the location is highly desirable.

Property information

Real Estate:

Lease

Leasehold Rent:

$124,000 (USD) per annum

Premises Details:

The large facility is well appointed and extremely attractive. The center is set up to accommodate different types of training. The location is highly desirable.

Size in square feet:
6,500

Business Operation

Expansion Potential:

Membership capacity has not been reached. There’s plenty of room for growth in the current facility. There are multiple profit centers that can be added and current ones expanded.

Competition / Market:

Competition in the field is abundant, however this studio sets itself apart with high quality client services, excellent trainers, and a meticulously maintained facility. Members who decide to try one of the new fitness centers more often than not return.

Reasons for selling:

After many years in the business the seller would like to pursue other interests.

Employees:
6 FT /5 PT
Years established:
Established in 2010

Other Information

Support & training:

Seller is committed to the company’s continued success and will provide training and consultation to facilitate a successful transition.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller, bank financing and down payment TBD. Working Capital Needed $45,000.

Furniture / Fixtures value:
$150,000 (USD) - included in the asking price
Inventory / Stock value:
$1,000 (USD) - included in the asking price

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