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Fully Equipped Fitness Center In Collin County For Sale

Collin County, Texas
Asking Price:
$75,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$115,000 (USD)
Cash Flow:
Under $50K (USD)

Well established high-tech fitness club placed in fast growing city of a prime location is available for acquisition. The business was founded from an existing client base and then opened in the current high-end facility of a great location in 2016 by current owners. This 3,130 SF of fully-equipped private club gym is located in a retail strip center in an area of heavy traffic and pedestrians. There is a nationally recognized gym chain right behind this location which gives this business a full exposure to potential customers who specialized fitness program only offered by this high-tech private fitness club. 90% of clients are middle to upper-class Caucasian working women between the ages of 30 and 45 from the surrounding densely populated residential neighborhoods. Few competitors are within the immediate market area, but this high-end facility focuses on providing individual clients and groups with training guidance in a comprehensive approach in all areas of health including screening analysis, diet, and proper exercise that was newly added after inception. Motion Screening Lab which is a unique technology that optimizes effects of exercise and prevents from the injuries sustained from exercises by collecting information on the body that is only available in the whole town. Recently, they received FDA Clearence on the Motion Screening Lab equipment they are using, which means the bills for using the equipment can be covered under health insurance. The business offers various high quality programs and products such as health & motion screening, wholesale sports supplements, nutrition planning, pre-prepped meals, individual training, group training and etc. All of the fitness equipment is top-of-the-line within the industry and is in excellent condition, less than 3 years old. Some online marketing is proactively being done thru social media outlets like Facebook, Instagram, Google and Yelp ads etc. but the best marketing effort that produces actual revenue is still through word of mouth. This is a great opportunity to acquire a unique high-tech fitness club located in a fast growing area where a huge residential and commercial development are on its way.

Property information

Real Estate:

Lease

Location:

This business is located in a 3,130 SF retail strip center that in an area of heavy traffic and walking pedestrians from nationwide gym chain right behind the location. All equipment is in excellent condition, less than 3 years old. All sales revenue and inventory are tracked through the high-end Point of Sale system.

Size in square feet:
3,130 SF

Business Operation

Expansion Potential:

Marketing being done to some extent at the current time, mainly thru online marketing such as social media outlets like Facebook and Instagram etc. Proactive marketing locally and offline like paper coupons and direct-mailing etc. will greatly boost the sales as well as reaching customers within untapped areas of the business.

Competition / Market:

The Business offers a comprehensive approach to improving health and fitness with top of the line mobility screening equipment and it identifies the improvement areas. Also, they provide the diet and exercise program to maximize results.

Reasons for selling:

Partners to go in different directions. The other 2 minority owners are willing to remain in this venture as partners to new owner for agreed upon terms.

Employees:
2FT
Years established:
2016

Other Information

Support & training:

Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.

Financing available:

100% down at the time of closing.

Furniture / Fixtures value:
$100,000 (USD) - included in the asking price

Contact Information

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