Fitness Center with Tanning Spa

Pennsylvania

Fitness Center with Tanning Spa

Asking Price: $ 155,000

Cash Flow: N/A

Gross Revenue: $125000

FF&E: $125000

Inventory: $0

Year Started: 1985

Business Description

Are you looking for semi-passive income? This could be it. After over 25 years in business, one of the area’s top fitness centers is now on the market! This is a full service gym and fitness center that includes weight training, fitness classes, and a tanning salon. They currently have about 1,000 members paying monthly subscription fees. A huge bonus is that 60% of members are insurance members, which is great because insurance pays for the memberships.

This gym has one of the best free weights, squat racks, and deadlift sections in the area. Their facility includes a 1,100 sq foot aerobics studio, 2 tanning beds, and a spray tanning area. They have an excellent website as well as a social media presence. A new owner could increase membership by increasing advertising efforts and approach local businesses about providing memberships for their employees as part of their wellness program. The current owner is looking to move but will help the new owner transition.

Detailed Information

  • Location: Pennsylvania
  • Industries: Health Care & Fitness
  • Detail inventory: Not Included in asking price
  • Building SF: N/A
  • Rent: N/A
  • Lease Expiration: N/A
  • Reason for Selling: Moving
  • Seller Financing: No
  • Established After Year: 1985

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