Gym For Sale

Highlights:

• Low initial investment
• Turn key operation
• Low-risk upside NOI
• Simple business model.

Description:

Well-established, straightforward business with reliable income and impressive upside potential.

Ideal opportunity for an existing operator or someone with a passion for health and personal transformation.

This is a long-term sustainable fitness operator in the popular “Low Volume, Higher Price" model of health clubs, currently servicing nearly 200 members.

Located in the established and growing professional office corridor of downtown Knoxville, TN on the main arterial connecting downtown with trendy Sevier Ave in (S.Knox) This is a desirable, highly professional environment that is convenient for clients with discretionary income and drive for personal achievement.

Ideal Buyer should have, at minimum, $100K inaccessible capital either thru personal assets or thru outside investment and who can continue fostering a supportive and encouraging transformation for individuals at all fitness levels.

This well-established fitness center has been a cornerstone of the downtown professional community for over 20 years with the same ownership. An esteemed personal trainer center dedicated to transforming lives through fitness. They have worked hard to build a consistent personal training business and expanded into the 24/hr boutique gym business. It’s time to consider retirement and give this opportunity to the next generation fitness and lifestyle entrepreneur.

The business is in excellent operational condition and has a loyal customer base.

With upside potential thru a greater online presence, the incorporation of technology, and interior design the business has tremendous potential for growth and expansion. Easy upgrades to give greater value to the client could be upgraded lighting and sound system etc. Increase the diversity of clientele thru the addition of group fitness, functional performance training, yoga, adding co-tenants like PT, chiropractic, or massage therapy. Possible modification of lease terms for greater flexibility and improved NOI for the new owner.

The facility is equipped with essential free weights, cardio, and circuit training equipment. The machines are high-quality and in good condition.

You will not only see the opportunity to increase membership and membership rates, but to add ancillary income thru vending, equipment, and personal training upgrades.

Confidentiality and NDA:
This is a confidential listing. Request More Information by completing the NDA, and application. I will contact you ASAP.
Opportunity for minor property improvements, management efficiencies, and/or increasing NOI, and/or benefiting from local economic growth dynamics. An active investment/participation by ownership is likely required.

Downtown adjacent to the courthouse, office towers, hotels, and residential living.