Project Gimnasio | Health and Fitness Clubs

Colorado

Gross Revenue:	$6,139,806
Established Year:	2011

EBITDA:	$986,912

Listing ID: 2056984Listing provided by BizBuySell

BUSINESS DESCRIPTION

Project Gimnasio (or the "Company") operates four fitness clubs located within the Rocky Mountain region of the United States.

The Clubs offer a wide selection of workout sessions through monthly and yearlong memberships, giving members options to find the style of workout that best suits themselves. Centers offer various services which include an open gym setting, weight rooms, personal training, strength training, weight loss support, nutrition, cardiovascular exercise, and group fitness classes like HIIT, yoga, and Pilates.

The Company offers a supportive and motivational atmosphere through experienced fitness professionals and personal trainers who closely work with members for the sake of their health and wellness. Membership, which consists of approx. 13,000, has offering options with pricing starting as low as $19.99 per month and going as high as $109.99 per month for premium services.

ATTACHED DOCUMENTS

Confidentiality Agreement Download

DETAILED INFORMATION

Location

Colorado

Inventory

Not Included in asking price

Employees

160

Facilities

The clubs are located in metro areas in high-end locations with personal trainers on staff, premium amenities, and state-of-the-art training equipment. Clubs are designed with distinct training areas meant to facilitate specialized workouts. The facilities range in size from 25,000 to 35,000 square feet.

Competition

The US gym, health & fitness club industry is valued at ~$35 BN in 2021 with 76.5 million total health club consumers and is expected to reach $46.8 BN by 2026 at a CAGR of 5.8%. Average income of fitness club members is $75,000 with 60% of customers in the age group of 18 to 34 years, followed by followed by the 35 to 54 age group at 30.7%. In 2021, health clubs saw a significant recovery from the pandemic, with members collectively logging 4.5 billion total visits, up 41.6% from the 2020.

Support & Training

Key owners are willing to stay with NewCo during a mutually agreed-upon transition period to ensure a seamless transfer of ownership.

Reason for Selling

To pursue other opportunities

Franchise

This business is an established franchise

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