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Boutique, Membership-based Fitness Club in Boulder

Boutique, High-end Membership-based Fitness Club in Boulder CO.
Profitable, 15-yr old business for $46,674 under asset value!

Financial Information
Asking: $150,000
Gross: $378,155
Cash Flow: $56,123
Furniture, Fixtures & Equipment: $196,674
Financing: Seller may finance portion depending on buyer.

General Information
Facilities: The business is strategically located near several business parks and it serves many corporate-sponsored members. Space leased by the business is not fully utilized and additional space can be acquired for expansion. The property serves a trade area of approximately 300,000 residents in 120,000 households. Boulder is both an affluent and highly educated market: av. household income for the trade area is $85,200 (with 16.6% topping the $100,000 mark), 66.2% of adults are white collar employees, and 50.5% have four or more years of college education.

Competition: While there are several gyms located in health-conscious Boulder, there are no immediate competitors located in the area of town where this business operates. Furthermore, there are no other fitness clubs in Boulder that offer the combined services that this business offers including highly specialized equipment that can only otherwise be found in professional sports teams' training facilities. This club enjoys a loyal membership base with some members that have been with the club longer than the current owners have been involved.

Growth and Expansion: Infrastructure is currently in place to grow the member base and revenues 67% without increasing the size of the club or adding a single piece of equipment. Additional high-margin services were added this year which will add top-line revenue and have an even more dramatic impact on profitability. Development of a major public transportation hub has been approved and planned within walking distance of the business. Qualified personnel are readily available for expansion in this highly desirable place to live.