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Business for Sale Summary

Fitness Business for sale in Durham County, NC - 33573

Business Type: healthcare related services,sporting goods/ exercise/ gyms,gym/health club
Fitness Business for sale in Durham County, NC
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This business has received 14 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $165,000 Down Payment $165,000
Gross Revenues $394,634 Lease Remaining Register Free to View
Owner’s Cash Flow $88,000 Number of FT Employees Register Free to View

Financing

$165,000 Down and

Business Description

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. Call Don Fenwick 877-735-5224 to schedule an appointment with this motivated seller.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.