Share This Info:  
BizBen Posting Details

For Sale: Fitness Center Gym - West Los Angeles Area

Save This Posting    Share This Posting    My Notes    Print    Monitor    Report    Add A New Posting

Current Status: Active     Posting #: 225560     Last Refreshed: 6/14/18    
Contact: Ryan Clark At 310-652-8353  -  Also Email This Contact Below
Price:  $499,000     Down:  $499,000     Adjusted Net:  $125,293     Revenue:  $708,777    
Business Address:  None Given     City:  Los Angeles     Zip:  None Given    
Attributes:  Semi-Absentee Run, Training & Support     Cooperation With Brokers?  Call

  Email Ryan Clark Below About This Posting
Your Name:
      Your Email:
      Your Phone:
Your Questions And Message To Ryan Clark: 

No Spam
For Best Results & Response, Email & Phone This Contact: Ryan Clark at 310-652-8353.

  Description About This Posting: Fitness Center Gym
This West Los Angeles Area Fitness Center and Gym boasts one of the best locations in the area, with a great deal of street visibility and excellent freeway access. The newly built-out facility has had over $750,000 invested in its launch, and although it's already profitable, it's tracking to reach far better profit levels with continued growth in the coming months. This opportunity is ideal for the passionate fitness industry entrepreneur who wishes to have their own venue to operator from, or given the facilities' top of the line and extraordinarily versatile build-out, another fitness center that wishes to expand without the heavy lifting associated with identifying, negotiating and building-out a prime location, instilling a successful program and building a sufficient customer base to reach profitability.

This ideally located Class A structure 5,000 square foot facility leases for $16,900 per month plus $4,700 in common area maintenance expenses with a lease until 2013, plus one five year option. All of the business's furniture, fixture, equipment and goodwill will be included in the sale.

While Greater Los Angeles is considered a highly competitive market for any type of fitness related concept, this venue occupies an unmatched customer-embraced concept in what may likely be the most sought after location in the area. The business's popular concept, build-out and ideal flagship style location with excellent street visibility and freeway access provide it a long-term sustainable advantage over incumbent competition or potential industry entrants.

As the current semi-absentee owner is not a fitness person, and has not engaged in many forms of traditional advertising and marketing but relied on organic referral based growth, the business could tremendously benefit from a marketing oriented owner-operator who is already well versed in the fitness industry and is able to act as a full-time general manager, sales person or personal trainer to minimize wage expense while optimizing customer's overall fitness experience. Given that the business has already obtained the critical mass of clients to reach profitability, and its growth trajectory, new operators may wish to continue with the exact same concept and pricing structure that currently exists or they may wish to modify either of these to best suit their preferences. Other options for growth include participate in popular programs such as Class Pass, modifying the floor layout and equipment offerings, extending hours (particularly on weekends when it closes as 12 noon or 1 pm), implementing a group based spinning or similar large group based cardio component.

At present, the fitness center has a 230 patron membership base, while management feels it could comfortably accommodate at least 300 members. With a 13% year over year growth rate, despite major setbacks such as losing 2 key personal trainers in the 2nd quarter of 2016, it is projected that the business could track at $850,000 in top line revenues and $200,000 in profits in the short-term (by the first quarter of 2017), and without any major modifications be at $1 million in gross revenues which would result in an estimated $350,000 in profits to a full-time working owner!

Training: 2 Weeks at 20 hrs/wk.

To get more information about this Fitness Center Gym business for sale in West Los Angeles Area please phone Ryan Clark (Broker) at 310-652-8353 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #225560 on BizBen.com. In addition to phoning Ryan Clark, make sure you email Ryan Clark above to get more info about this Fitness Center Gym, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

  Related Links And Information Regarding This Posting
Notes
My Posting Notes


  Helpful Resources To Assist In Selling And Buying California Businesses

Peter Siegel, MBA - SBA Loans, Non SBA Financing Assistance

For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.

Helen Yoo: Escrow & Bulk Sale Services - Southern California

New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese. Call Helen Yoo direct at 626-890-1151.

Diane Boudreau-Tschetter: Escrow And Bulk Sale Services

California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.

Willard Michlin, CPA, Certified Fraud Examiner, Due Diligence Services

Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 805-428-2063.

Mark Chatow, Esq.: Legal Services For Buying, Selling Businesses

Mark has a broad range of small business purchase & sale experience from analyzing potential acquisition targets to successfully guiding buyers and sellers through the purchase & sale of small businesses. Mark can assist with contracts, negotiations, legal matters, etc. Reach Mark at 949-478-8393.


  Related Articles, Events, Blog Posts, Discussions, Videos, Interviews

How Do I Navigate Through The Negotiation Process When Buying A Business?

Negotiating the terms of a business deal is a delicate process, where one wrong move can cost you the business that you wanted to purchase. Peter Siegel, MBA (BizBen ProBuy Program) discusses the ins and outs of negotiations, and how to work well with the seller to get a deal done.

Getting An SBA Loan To Buy A Small Business: Dispelling Some Major Myths

When seeking SBA loan financing many potential business buyers have wrong information about the process of securing the best financing to buy a business. Peter Siegel, MBA (at 866-270-6278) a business purchase financing expert delves into the myths and facts regarding SBA loan financing.

How Many Listings Is Too Many For One Broker To Handle? Is It 5? 10? 20?

Peter Siegel, MBA in this Vlog/Podcast discusses how many listings is too many for one business broker to handle at one time. Is it 5 is it 20? I recently had a coaching call with one of my BizBen broker clients who asked that question this week. There are many factors that go into the answer.

Why Isn't My Business Selling? 6 Great Questions To Ask Yourself For Answers

It can take months, sometimes longer to sell a small business. Here are 6 questions from Peter Siegel, MBA (Business Purchase Financing Expert, ProSell Program Advisor with BizBen) at 866-270-6278 to ask yourself to help you determine why your small to mid-sized California business isn't selling.

Financing Advice: Showing Add Backs To Get Business Acquisition Financing

When seeking business acquisition financing, it helps to review a seller's addbacks as a source of funding to service the debt service. But explain them correctly. Peter Siegel, MBA business acquisition financing expert and advisor at 866-270-6278 covers this topic on financing a business purchase.

FREE Workshop: Due-Diligence When Buying/Selling A Small Business 7/14

This workshop is about the due diligence process of buying & selling a business. Saturday: 7/14 from 9AM - 1PM (refreshments will be served) in S. CA. Phone Willard Michlin (CPA, Certified Fraud Examiner, Due Diligence Expert, Business Broker). Phone 805-428-2063 to RSVP.

Find Out Why 80% Of California Business Buyers Never Find And Buy A Business

First the dreaded statistic: 80% of all California business buyers looking to buy a small to mid-sized business in California never end up doing so! Peter Siegel, MBA BizBen Founder And Director at 866-270-6278 covers successful tactics all business buyers of small businesses should utilize.

What Should I Do If Other Buyers Are Trying To Buy The Same Business As Me?

Buying a small business is hard enough when there is no competition, so how might a buyer navigate the process when there is additional competition from other buyers? Potential small business buyers are offered a few key ways that a buyer can beat out other potential business buyers in this article.

See All News, Tips And Events


Close
Business Purchase Financing SBA Loans
Escrow Services From Helen Yoo New Century Escrow
Southern California Legal Services For Buyers And Sellers
Michael Brewer, ABC License Consultant
Facebook
Twitter
Linkedin
Google Plus You Tube
Vlogs and Podcasts
Business Purchase Financing Assistance And Loan Placement
Helen Yoo At New Century Escrow
Diane Boudreau-Tschetter California Business Escrow, Inc.


Auto Related
Business Services
Children Related
Communication Related
Computer, Internet Related
Construction Related
Entertainment Related
Financial Services
Health, Beauty Related
Home Improvement Related
Maintenance Related
Manufacturing Related
Media, Publishing Related
Pet Related
Photography/Video Related
Real Estate Services
Restaurant, Food Related
Retail Related
Service Related
Sports Related
Transportation Related
Travel Related
Wholesale Related

Auto Body Shops
Auto Repair Shops
Bakeries
Bars, Sports Bars
Cafe Restaurants
Car Washes
Cleaning Services
Clothing, Apparel Stores
Coffee Shops
Convenience Stores
Deli Restaurants
Discount, Dollar Stores
Dry Cleaners
eCommerce Websites
Fast Food Restaurants
Florists, Flower Shops
Full Service Restaurants
Gas Stations
Gift Shops
Gyms, Fitness Facilities
Home Health Agencies
Hotels/Motels
Ice Cream Shops
Juice, Smoothie Shops
Laundromats
Liquor Stores
Markets, Marts
Nightclubs
Pizza Restaurants
Postal, Shipping Stores
Preschools, Day Care
Print Shops
Salons, Beauty Shops
Sandwich Shops
Smog Test Only Shops
Smoke Shops
Spas, Med Spas
Sushi Restaurants
Tire Shops
Towing Services
Vending Routes
Wireless, Cellular Shops
Yogurt Shops

Alameda
Alpine
Amador
Butte
Calaveras
Colusa
Contra Costa
Del Norte
El Dorado
Fresno
Glenn
Humboldt
Imperial
Inyo
Kern
Kings
Lake
Lassen
Los Angeles
Madera
Marin
Mariposa
Mendocino
Merced
Modoc
Mono
Monterey
Napa
Nevada
Orange
Placer
Plumas
Riverside
Sacramento
San Benito
San Bernardino
San Diego
San Francisco
San Joaquin
San Luis Obis
San Mateo
Santa Barbara
Santa Clara
Santa Cruz
Shasta
Sierra
Siskiyou
Solano
Sonoma
Stanislaus
Sutter
Tehama
Trinity
Tulare
Tuolumne
Ventura
Yolo
Yuba

0 to $99,999
$100,000 to $249,999
$250,000 to $499,999
$500,000 to $999,999
$1 million to $2 million
over $2 million



BizBen - Where California Deals Get Done! 888-212-4747
7172 Regional Street #364 · Dublin, CA. 94568
BizBen · Copyright © 1994 - 2018, All Rights Reserved

               Vlogs and Podcasts  
Join Us On Social Media - Content Updated Daily
Sign Up Today - For Our FREE BizBen Weekly Email Newsletter
Includes The Best Info On Buying, Selling, Valuing, Financing California Businesses:
Articles, Blog Posts, Podcasts, Videos/Vlogs, Discussions, Q&A, Workshops, Webinars,
Resources. Watch For An Email Confirmation After Signing Up Above. Thank you.
Clost Login


Please confirm your registration by clicking the link we've sent to .

If you can't see it, please check your junk mail folder.

If you have any problems registering, or need assistance with your new BizBen User Account please phone BizBen Customer Support at 888-212-4747.



First Name:*
Last Name:*
Email Address:*
Confirm Email:*
Create Password:*
Confirm Password:*
Phone:
(   
 


You Are A:
Individual
 
Intermediary
 

Email Address:
Password:
 
Search BizBen.com

500 New & Refreshed Detailed Postings Daily
Over 2500 Resources Available On BizBen
Since 1994. Where California Deals Get Done!
What Is The Typical Business Broker Fee For Sellers And Buyers? Who Pays...
Read More News
FREE Workshop: Due-Diligence When Buying/Selling A Small Business 7/14
Read More News