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Fitness Center Business In Richmond For Sale

Richmond, Virginia, US
Asking Price:
$120,000 (USD) Furniture / Fixtures included
Sales Revenue:
$130,000 (USD)
Cash Flow:
$48,000 (USD)

This membership only fitness center is located in a great location. No month to month memberships, all clients sign on for one to three years. The unique business model has no direct competition within a 5 mile radius, the primary target market. Group classes with strong guidance and accountability inspire clients to become better versions of themselves resulting in high self esteem & increased confidence. Classes are held in a supportive group environment that are high impact and yield big results. The business offers several group fitness classes for every fitness level. Semi-private classes are available for those desiring more personal instruction.

Property Information

Real Estate:

Lease

Leasehold Rent:

1900/mo per annum

Location:

This fitness Center is located in a busy shopping center in an upscale area. The center occupies 3260 sq. ft. of space with two rest rooms, storage rooms, and a large open area space for classes. Rent is fixed at $1,900/mo plus CAM.

Size in square feet:
3260 sq. ft.

Business Operation

Expansion Potential:

Plenty of opportunity to grow revenue including 7 day operation and additional classes.

Competition / Market:

The fitness center has a unique business model that allows it to occupy a niche space in the fitness industry. As a result there is no direct competition within a 5 mile radius, the target market for the center.

Reasons for selling:

Owner wants to pursue other interests

Employees:
1FT 6PT interns
Years established:
2012

Other Information

Support & training:

Owner will stay on for up to 6 months to provide support and ensure a smooth handoff. Owner is currently an instructor, and will continue in that capacity during the transition.

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

Some owner financing for a well qualified buyer

Furniture / Fixtures value:
$9,200 (USD) - included in the asking price
Related Documents:
Relocatable:
This business can be relocated.

Contact Information

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