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Established Group Fitness Gym For Sale

Chicago, IL
listing image
Asking Price:$272,000
Rent:$5,250/Month
Gross Revenue:$340,000
Established Year:2014
Listing ID: 2299706Listing provided by BizBuySell
BUSINESS DESCRIPTION

$100K Owner Benefit

This group fitness gym was established in 2014. Located in an accessible location reaching the neighborhoods of West Town, Ukrainian Village, Wicker Park, and West Loop - this facility is perfect for a business looking to inherit a loyal membership base and leverage the goodwill established for immediate success.

6,000 square feet of lobby, office, two bathrooms with industry leading equipment. Generous storage/equipment space and includes commercial heating.

This location includes access to free street parking and a full parking lot dedicated to members and is surrounded by residential buildings, and established businesses. This location also boasts green line access and is in a neighborhood with one of the highest walkability scores in Illinois (79).

SBA 7(a) Loan: Financing available for Gym purchase!

Don't let financing stand in your way of owning this thriving gym! The SBA 7(a) loan program offers favorable terms specifically designed for small businesses like this. Here's how it can help you:

- Flexible Funding: Use the loan for various expenses, including the purchase price and working capital.
- Favorable Terms: Benefit from competitive interest rates and longer repayment terms compared to traditional financing options.
- Government Backing: The SBA guarantees 85% of the loan!

Contact your bank today to discuss your financing options and how an SBA 7(a) loan can make your dream of owning a gym a reality.

Don't miss this opportunity to step into a rewarding community as an owner/operator or owner/consultant role with immediate cash flow.

DETAILED INFORMATION
Location
Chicago, IL
Inventory
Not Included in asking price
Real Estate
Leased
Employees
7
Facilities
One of the largest class-based gyms in the City of Chicago (approx. 6000 sf) with free parking included. This allows for: space to move safely, variety in workout programming, and state of the art equipment. Equipment included in asking price.
Competition
This business only requires a membership base of 120-150 members, making it a successful model in a competitive market. It also boasts the largest space of it's kind with 24/7 access, differentiating it from local competitors.
Growth & Expansion
This is a turn key business that new ownership could run as is and/or put their own spin on. With documentation of all current policies & procedures, support/training available, new ownership is set up for future growth.
Support & Training
Negotiatable. Owners willing to support & train new ownership on current processes and procedures.
Reason for Selling
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