$90k! Growing Fitness Business For Sale! Great Opportunity!

Southlake, TX

Seller Financing Available

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Asking Price:$90,000
Gross Revenue:$160,000
FF&E:$130,000
Cash Flow:$88,000
Rent:$4,000/Month
Established Year:2023
BUSINESS DESCRIPTION

Are you looking for a business that makes a difference? Do you want to make money and be a significant part in helping people live happier, healthier lives? Then here is a great investment opportunity!

This upscale private training club opened August 28th, 2023 to provide top tier fitness training and wellness amenities to the local residents. A private studio that helps clients achieve their health & wellness goals in a non-crowded, hassle free gym.

This boutique gym offers one to one Personal Training, and group training classes called Team Training. Plus, members have access to a 24-7 open gym and wellness modalities that include: Infrared Sauna, Red Light Therapy room & Normatec Leg Compressions.

Low rent/overhead, excellent demographics, loyal members, prime location, great equipment, positive vibe/culture and unique wellness offerings provide a bright future for this gym.

Currently, the gym has 80 members. 40 Team Training clients, 20 PT clients, 20 open gym members and 2 Independent Trainers that pay rent. Monthly revenue high was $25k in Jan and averages $13k monthly. Overhead, fixed expenses is only $5k monthly: rent $4000, utilities $400, internet/wi-fi $68, gym management & billing software $100, insurance $120, supplies $100.

Priced as an asset sale!


ATTACHED DOCUMENTS
NDA & Buyer Profile.docx Download

DETAILED INFORMATION
Location
Southlake, TX
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,740
Lease Expiration
28/08/2026
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The gym is 2740 square feet with over $150k worth of state of the art commercial cardio & strength training equipment. Equipment includes Precor Cardio, Life Fitness & FreeMotion Strength circuits, 3 Gym Rax Functional Training Bays and tons of other training equipment.
Competition
Due to the excellent, upscale demographics there are many gyms & boutiques in the area. But, this club has a unique mix of open gym, personal training, team training & wellness amenities that sets it apart from everyone else. The business just needs more advertising & marketing to continually grow the membership. You only need 150 members to make this a great business!
Growth & Expansion
Options include building it up and selling or open/acquire other locations. One could tap the huge weight loss market with the addition of GLP-1 Semaglutide drugs with the right partnership.
Financing
Depends on the Buyer's experience.
Support & Training
The Owner will provide as much support & training as needed. Buyer could purchase 100% of the business and takeover completely or invest as an equity partner and be an absentee or semi-absentee partner. Seller would stay on as Manager/Trainer.
Reason for Selling
Spouse has cancer.
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Shane
Massey
Fitness Club Business Broker
Shane Massey