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Businesses For Sale   >>   Palm Beach Businesses For Sale   

Multi-Purpose Fitness Center

Location  Palm Beach County, Florida, United States
Asking Price Range  $250K - $500K
Gross Revenues  $537971
Net Profit / Cash Flow  $200722
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2006
Number of Employees  4 - 5
Inventory  340000
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  Two weeks
Reason for Sale  Moving out of state

Profitable multi-purpose gym in upscale area of Palm Beach County. Established for eight years by same owner who needs to move due to family sickness. Fitness center offers separate 2000 sq ft personal one-on-one gym area where members receive personalized training, separate 3000 sq ft regular gym area where members have 24/7 fingerprint detected key-card access, and separate 4,000 sq ft cross-fit gym where groups of clients are trained in cross-fit classes. Customers appreciate the personal touch and feel unlike a big box gym. This is the only multi-purpose cross fit gym in the area. Asking price of $350K (with $200K down) includes all equipment which is fully paid for and valued at approximately $200K. Seller states annual gross sales to be $537971 and annual net income to be $200,722. Owner does little training of customers but is active full time as a manager. Four personal trainers/crossfit instructors are paid hourly as W2 employees. Gym has about 300 total EFT members (including about 150 crossfit members). Plenty of room for growth with more marketing and outreach to the community. Long term lease in place at $9400/month for 9288 sq ft facility. Room to expand if desired. Please contact Martin Berliant at 561-827-1181 or email for more information. Must sign non-disclosure agreement.

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