Chicago - River North LISTING #: 17475
This turnkey gym business generates recurring cash flows by providing gym memberships that include access to a full service workout center, group fitness classes, personal trainers, locker rooms, and more. Operating for over 8 years, this highly profitable business has established a loyal customer following with 80% of revenues coming from recurring monthly membership subscriptions and the business continues to thrive in 2017 with continued YOY growth.
With a proven track record of strong cash flows and consecutive double digit YOY growth over the past 3 years, this business includes a highly valuable base of recurring monthly subscription revenues and there are numerous immediate growth opportunities that can easily be implemented with minimal upfront costs. This business can be operated with minimal owner involvement as the seller essentially outsources the majority of daily operations to the existing team of employees, which makes this a perfect fit for anyone with general business experience.
This business is the definition of a turnkey operation and with a proven track record of strong cash flows, recurring membership revenues and 3 years of consecutive YOY net profit growth, this high quality acquisition opportunity offers a very clear path to a substantial return on investment.
|2 FT 13 PT|
Office: LBB Chicago
Property Leased: Yes
Monthly Rent: $13,400
FF&E Included: $120,000
Real Estate Included: No
Building Size: 8500 sq ft
Hours of Operation: Monday - Sunday
Reason for Selling: Seller lives out of state