Southern MN Gym

Description

Gym for sale in Southern Minnesota with the real estate and operating assets included. The business has an existing membership base, experienced staff and an established presence in the local community.

Sale includes

• Operating fitness business
• Real estate
• Fitness equipment
• Furniture, fixtures and other operating assets
• Existing brand and customer base

Buyers should obtain a complete asset schedule to confirm which equipment and other property are owned outright and included in the transaction.

Operations

The business is currently supported by experienced employees and part-time ownership. Buyers should review staffing, management responsibilities and the number of hours currently required from the owners.

Membership

The gym has developed a repeat membership base within the surrounding community. Buyers should review active memberships, average monthly dues, member retention, cancellations, freezes and any prepaid membership obligations.

Property

The real estate is included with the business rather than leased from a third-party landlord.

Buyers should review the building condition, property taxes, parking, HVAC, electrical capacity, accessibility and any maintenance or capital expenditures that may be required.

Growth

• Increase membership
• Add classes or training programs
• Expand personal training
• Increase local and digital marketing
• Add complementary member services

Buyer review

Buyers should verify historical financials, recurring membership revenue, payroll, equipment condition, insurance and working-capital requirements.

The real estate should also be reviewed separately for title, zoning, property condition and any liens or other obligations before closing.