Please ensure Javascript is enabled for purposes of website accessibility Turnkey 24 hour Gym+Real Estate READY, SET.....GROW! | Transworld Business Advisors Richmond VA

Turnkey 24 hour Gym+Real Estate READY, SET.....GROW!

Listing Number: 9525-736449

Description

Grow Grow Grow . Already a Fitness Guru? Bolt on this operation for additional cash flow. New to Business Ownership? This is turnkey with staff in place. Earn as you learn with profitable gym/workout business and real estate. This 24-hour gym has been serving its small Virginia community since 2021. The gym is fully equipped including a large selection of Free Weights all in excellent condition. The Real Estate was purchased in 2019 and remodeled during the COVID shut down, then opened in 2021. It includes .49 acres of land, the 4,300 sq.ft. gym building, and 120 sq.ft. storage building in the rear.

The owner is largely absentee and the gym is attended by one general manager and two part-time associates who will all stay if required. This is a perfect opportunity for an owner operator or absentee investor to add some new services and marketing programs to grow profits. The membership has been steadily growing since the gym opened in 2020 and is currently at 465 members, each paying an average of $30,00 per month (has never been raised). There is plenty of room to expand to add exercise and work-out classes, coffee lounge and other amenities. there are three large employers near the gym who are open 24-hours per day and the business caters to them and other local businesses and residence.

Utility room includes washer/dryer, various tools, cleaning equipment, supplies and toiletries. The office is equipped with a computer, printer, sound system, and controls for multiple remote view security cameras.

The owner is selling because he has two other businesses that are taking all of his time. This business is turn-key ready to grow!

Listing Details

  • Price: DH 499,995
  • Down Payment: DH499,995
  • Sellers Discretionary Earnings: DH 37,892
  • Total Sales: DH 99,534
  • Location: Virginia

  • Inventory: DH 1,000
  • FF&E: DH 70,000
  • Employees: 2
  • Year Established: 2019
  • Reason for Selling: Other business interest
  • Category: Fitness
Turnkey 24 hour Gym+Real Estate READY, SET.....GROW!

Business Listed By:

Joseph Teague
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