Business For Sale Listing 114561
Fitness Center
Status as of Nov-21-2008 at 06:07 PM: Off The Market
Business Summary
This profitable and ever-growing company in southwestern Pennsylvania specializes in fitness and dance. The dance studio opened in 1976, and the owner added the fitness portion in 1986. The studio teaches a variety of dance classes, such as Tap, Jazz, Ballet, Hip Hop, Acrobatics, and Pointe to more than 270 students each week. The fitness center contains a pool, a wide range of weight machines and cardio equipment, and tanning beds. The center offers water aerobics, swim lessons, pool parties, water walking classes, aerobic classes, and the incredibly popular Silver Sneaker classes, which are for people 65 and over. Insurance companies, such as Blue Cross, reimburse for the Silver Sneaker classes, seeing how they save medical costs by keeping seniors active and healthy. No other fitness centers or gyms in the area take part in the Silver Sneaker program or have pools. The business’ staff and contractors have been with it for years and are dedicated, friendly, and talented. They contribute to the exceptionally high rate of satisfied customers, who use the facility year-after-year.
The business operates out of a 14,000 square foot building that is just off a busy state highway with good visibility. The business has occupied the site for 30 years, and the building is included in the sale. The company is located in an economically strong, stable and growing community in southwestern Pennsylvania. The town is about an hour from Pittsburgh and features many recreational opportunities, including skiing and festivals.
The economy in this area is growing, based on tourism, coal and farming. It is near many highways and a major airport. The owner might be willing to stay on part-time as an employee.
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Industry
Location
Financials
| Sales: |
Between $100 Thousand And $500 Thousand ($161,300) |
| Profits: |
Between $100 Thousand and $500 Thousand ($109,813) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Asking Price: |
Between $1 Million and $2.5 Million ($1,100,000) |
