** UNDER AGREEMENT **
A Gym with 4,000 members in eastern Massachusetts is available for sale! This large facility has room for many more members. They have an experienced staff that allows minimal owner management. The owners have invested heavily in the facility and equipment and they are in great shape.
Sales are growing and the facility grossed $1,750,000 in 2013. Revenues and memberships have increased in 2014. The Seller's income, after rent expenses, is projected to be $386,000 in 2014. A non-competitive sub-lease opportunity exists with the potential of $60,000 additional income per year. The Sellers have a business appraisal on file.
According to IBIS World's Gym, Health & Fitness Clubs market research report, the market for gyms and health and fitness clubs will rise 2.3% per year over the next five years, as the general public becomes more health-conscious and the aging population places a greater emphasis on staying fit.
The spacious facility offers many amenities including several fitness areas, full basketball court, racquetball, group exercise classes including a private spin room, tanning and a staffed babysitting room.
GROWTH & EXPANSION
Personal training and group training services are growing exponentially and represent 20% of revenue. These services are expected to continue to grow substantially in future years!