Litchfield County Growing Fitness Center For Sale

Business description

The Gym is a full service home town fitness center providing members with access to free weights and stationary machines. There is also a small area for Cardio with additional area available to use to expand that section of the business. The owner is a personal trainer and provides personalized training to those who are looking for those services. Memberships are available ranging from one month up to one year. Discounts are available to specific groups.
Revenues are made up of 90%Cardio/Weight lifting clients and 10% Personal training.

Property information

Real Estate:

Lease

Premises details:

The building is located in a very small strip mall shared with 2 other businesses. The facility has approximately 3000 ft of floor space. About 80% is used for weight machines and the other 20% is used for Cardio machines. There is an additional room that needs finishing that could expand the cardio area. Next door offers an additional 2500sq ft if desired. The park can handle 20 cars plus overflow.

Other information

Expansion potential:

The Health and fitness is a growing business with more people looking to stay younger and healthy longer. 60% of the clients come from the home town and the remaining 40% from neighboring towns. The business has been growing in membership each year there are 3 times the members since the business opened. The business is undercapitalized and needs to add to the Cardio equipment area which there is space available that needs to be finished off. The business also needs an Electronic funds transfer system. New owner could also expand next door for another 2500sq ft.

Support & training:

The owner will stay on for an agreed upon time. Training would be tailored according to buyer’s knowledge of the business.

Reasons for selling:

Owner wishes to pursue other interests.

Owner financing:

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

Financing available:

TBD

Furniture / Fixtures value:

$40,000 (included in the asking price)