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Description

OFF-MARKET’Q1 2021

High Value Fitness Facility Seeks Big Box Buy-Out

South Bay (Los Angeles County)

Seller Financing Not Available

Asking Price:  $595,000

Cash Flow:  $76,000

Gross Revenue:  $400,000

EBITDA:

FF&E:  $325,000

Established: 2014

Employees: 30

 

Business Description:

Innovative and profitable fitness club that has capitalized on modern wellness trends like Cross-Ft and HIIT seeks big box player that can better retain transient corporate customers via secondary locations and fully capitalize on this one-of-a-kind, $2 Million facility.

The company’s concept has been to provide competitive fitness programs for a high-end demographic who miss the camaraderie and purpose of playing sports as an adult. The classes and programs were designed for those looking for the sense of community that team sports bring, but also for those looking for results and convenience of a gym membership.

The location includes a built-in potential customer base of 5,000 people who work in the high-rise above the facility with even more in adjacent high-rises

Detailed Information

Facilities:

The 11,200 square-foot space on the ground floor of a full-service corporate complex underwent a major build-out in 2014. The Seller’s initial investment along with what the building’s ownership spent is over $2 Million. The result is a one-of-a-kind facility with lots of character, a trendy, hip vibe and all the latest in cardio and weight-lifting equipment that would be impossible to recreate.

Competition:

There is one low-end facility within 5 miles along with a few mom and pop boutique facilities with limited hours and capacity.

Growth & Expansion:

Invest in street-facing signage; continue seeking corporate partnerships in the building, look for ways to expand demographics, expand class offerings and expand retail opportunities.

Financing:

Cash preferred

Support & Training:

Four weeks at 20 hours per week

Reason for Selling:

The investors and principals agree that a national chain could produce bigger and better results with the facility that would benefit most by offering customers multi-location options.

NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners (BELOW!)  🙂

Contact info

Pronova Partners

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