Highly Profitable Fitness Equipment Store
Location Massachusetts,United States
Asking Price Range $250K - $500K
Gross Revenues $818500
Net Profit / Cash Flow $156000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1991
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Training The seller will assist the buyer with training and support. He will also provide free advertising for the store on the corporate website.
Reason for Sale The owner wishes to focus on internet and catalog sales.
Description This fitness equipment store for sale in Bristol County consistently generates over $800,000 in yearly revenue and over $150,000 cash flow for the mostly absentee owner. This is a fantastic opportunity to run a stable business with very little overhead costs and positive cash flow. The fitness industry is positioned to continue with steady growth every year and this store has the potential to gross over $1M in sales in upcoming years. January 2009 sales are up 10%, indicating a strong 2009.
The wide variety of specialty fitness lines and competitive prices draw repeat customers to the store. The store carries top exclusive lines including Land Ice, Precor, Life Fitness, Powertech, Body Solid and Body Craft, among others. They have solid clientele and very little competition in the area. Most of their clients are from the surrounding towns of Providence, Attleboro, Seekonk and Barrington. The company also operates a second retail location as well as an internet-based business. The second retail location is located in Rhode Island and is available for purchase for $220,000 and $30,000 in inventory. In 2008 this store generated approximately $600,000 in sales. The location currently has approximately $50,000 in equipment. The seller is offering the buyer the option to purchase additional equipment from the warehouse at a discounted rate.
Approximately $2,500 per month is spent on advertising for the entire business, mostly on Internet shopping engines, pay per click, Yahoo and Google local. There is also business signage prominently displayed on route 6 and off route 195 to draw traffic to the location.
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