Services - Membership Organizations | Services - Other Miscellaneous services

$Seller Financing Available

Asking Price	$150,000	Inventory
Gross Income	$378,155	Real Estate
Cash Flow	$71,278	Year Established	N/A
FF&E	$196,674*	Employees	N/A

* included in the asking price

** not included in the asking price

Live and work in one of the most desirable towns in the Country. Boulder is #2 on Money Magazine s Best Places to Live 2008. This 15-year old boutique, high-end membership-based fitness club caters to a loyal following of affluent, mature clients by offering an array of top-of-the-line weight training and cardio equipment and day-long group exercise options. Included in the sale is highly specialized equipment that is very popular with the members and can only otherwise be found in professional sports teams training facilities. Equipment is on a daily/weekly maintenance program provided by an outside vendor specializing in exercise machinery maintenance. Dedicated instructors offer a wide variety of classes designed to minimize stress and maximize wellness including Indoor Cycling, Pilates & Pilates Mat Classes, Yoga, Power Yoga or Cycle & Lift. Certified trainers with booked schedules provide additional revenue as the club earns an override on all training fees. Seller recently added a new, high-margin business unit that is connected to the club with separate branding and facility entrance creating additional opportunity for a new owner. This sale basically includes 2 businesses for the price of one. Corporate-sponsored memberships obtained from neighboring businesses are a key part of the successful business model. A new corporate client was just added to the club generating over 50 annual employee memberships paid in advance and paid in full. The membership base is well established and many members have been with the club since before the sellers took ownership. In fact, the original owner is still an active member of the club which creates an opportunity for a new owner to tap into 2 previous owners experience and expertise. A family situation combined with the seller s other business commitments are driving the decision to sell. Daily operations are managed by long-term key employees and training staff. General business experience appropriate for new owner.

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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/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.

Seller Financing Available: Yes

Financing: Seller will finance a significant portion of transaction depending on buyer

Support/Training: Sellers are local and plan to remain in the area after ownership transfer. Training and support will be available as needed and sellers will finance a portion of the sale for a well qualified buyer which creates self interest in the operation s continued success. Long-term, loyal employees and certified trainers cover the day to day operation. Call for details.