Full-Service Health Club in NC - Semi-Absentee Opportunity

North Carolina

Asking Price:	$2,250,000
Gross Revenue:	$3,071,982
FF&E:	$787,143

Cash Flow:	$437,860
Rent:	$9,077.95
Established Year:	1975

Listing ID: 2216263Listing provided by BizBuySell

BUSINESS DESCRIPTION

20,000 square foot facility

Turn-key fitness center with management in place! This 45+ year old health club provides over 3,500 members a variety of services allowing for all fitness needs to be met in one location.

This 20,000 square foot facility meticulously designed and maintained to provide offerings for fitness enthusiasts at every level in their fitness journey.

Over the last 5 years over $3.3 million dollars have been reinvested in modernization of the facility.

Tenured management team in place oversees 20 Full-time employees.

This is an ideal acquisition opportunity for a strategic buyer looking to enter or expand within the lucrative fitness and wellness industry. The company's established brand, diverse revenue streams and contract memberships provide immediate value and growth potential.

DETAILED INFORMATION

Location

North Carolina

Inventory

Not Included in asking price

Real Estate

Leased

Building SF

22,679

Lease Expiration

13/03/2025

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

Lease Terms Options: (4) five-year options available Facilities: Free-standing building designed to suit the business FF&E Overview: All FF&E is impeccably maintained defining the facilities ambiance. From state-of-the-art fitness equipment to luxurious spa furnishings, every element reflects the dedication to providing top-tier experience. Meticulous care ensures optimal functionality and aesthetics, enhancing the overall well-being environment for the clientele.

Competition

This wellness center is a distinguished leader in the industry, boasting a strategic location, 20,000 square foot facility with over $3 million in leasehold improvements and recurring revenue stream. The competitive advantage lies in luxury amenities and a longstanding history spanning over four decades

Growth & Expansion

Elevate the health and wellness impact by accelerating membership numbers and enhancing digital engagement. Through strategic digital marketing, the business can expand the community presence and offer enticing membership opportunities.

Support & Training

Number of Weeks Seller Will Offer Training: 4

Reason for Selling

Retirement

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