Health and Fitness Club Chain Boasting 7,700 Members
Business Description
The Company is a chain of nine health and fitness clubs that operate in Iowa and Illinois. The Company serves individuals of all ages by providing a range of amenities and professional support to help members achieve their fitness goals. Owner preference is to sell all locations, however open to discussion.
Key Aspects
· Current membership of 7,700 across all locations
· The Company operates nine health & fitness clubs that range from 2,500 sq.
ft. to 40,000 sq. ft. and five of which are owned by an affiliated entity
· The number of memberships has consistently grown at a compound annual
growth rate (CAGR) of 13.7% from 2020 through 2023
· The Company maintains strong customer relationships estimating that 70%
of revenue in 2023 was generated from recurring customers
· The Company's adjusted EBITDA & adjusted EBITDA margin grew
significantly with CAGRs of 45.3% & 35.7%, respectively, from 2021 through the trailing twelve months (TTM) ending June 30, 2024
·Financials as of 6/24
REF-BN000057228
Key Aspects
· Current membership of 7,700 across all locations
· The Company operates nine health & fitness clubs that range from 2,500 sq.
ft. to 40,000 sq. ft. and five of which are owned by an affiliated entity
· The number of memberships has consistently grown at a compound annual
growth rate (CAGR) of 13.7% from 2020 through 2023
· The Company maintains strong customer relationships estimating that 70%
of revenue in 2023 was generated from recurring customers
· The Company's adjusted EBITDA & adjusted EBITDA margin grew
significantly with CAGRs of 45.3% & 35.7%, respectively, from 2021 through the trailing twelve months (TTM) ending June 30, 2024
·Financials as of 6/24
REF-BN000057228
About the Business
- Opportunities for Growth
- · Expand geographically to reach additional customer markets within Iowa
and Illinois
· Increase services by offering personal training, virtual workout classes,
and climbing walls
· Grow the customer base by launching focused sales & marketing
campaigns targeting commercial customers
· Increase customer loyalty by developing a proprietary app to interact with other members and track personal wellness goals
Real Estate
- Owned or Leased
- Leased
Listing Info
- ID
- 2378588
- Listing Views
- 234
Listing ID: 2378588 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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