Profitable Gym for sale in Corona Ca

Asking Price$679,000

Cash Flow
$202,536
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$301,894

Inventory$20,000
Not included in asking price
FF&E$100,000
Included in asking price
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Profitable Gym for sale in Corona Ca


Asking Price$679,000

Cash Flow
$202,536
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$301,894

Inventory$20,000
Not included in asking price
FF&E$100,000
Included in asking price

Seller Financing Available
Business Description
This sale is paused as we update our financials. It will be re-posted shortly.
About the Business
Employees
3
Facilities & Assets
Over $120,000 of Equipment, Tech, and Supplies in great condition are include in the sale. Facility is Clean, Fully automated, Well-Manicured and ready to go for the new owner(s). The location is the most popular Shopping center in a high end Densely populated neighborhood(Last census had Corona's Population at 173,000). There is high visibility with the heavily traveled Foothill Pkwy Location and We have Outstanding anchors: Albertson's Grocery, Wells Fargo Bank, Chevron, and others. There is also Ample Parking. You cannot find a better location!
Market Outlook / Competition
The market is Fantastic because Corona is a Commuter Town that demands Convenience from those they do business with. With our 24/7 Tech, "Come when you want", & Amazing 30 min workout system, Corona folks get from 9Round exactly what they need and the results they want! There is comparatively little competition in this high-end Suburb and the few competitors we have cannot do or offer what we give! Members get Great Instructors, convenience, Tech infused metrics gauging progress, Nutrition Coaching and a great sense of community! Nobody does what we do!
Opportunities for Growth
Growth potential is high. Since our purchase on 1/1/20, we have grown membership from 50 to 238(and survived Covid). The pop. of Corona will continue to grow as housing developments continue to surface at a high rate and Schools are desirable. 300k+ profit is attainable because revenue increases do not mean large increases in overhead(due to self-running 24/7 Tech you only need employees for about 30-40 hours per week. Less than 30-40 if you choose to work yourself). There are also additional revenue streams available(ie. Personal Training programs)
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,000
Rent
$5,300.00 per month
Lease Expiration
8/1/2031
About the Sale
Seller Motivation
Retiring
Transition Support
9Round Corporate/Striking Brands is the Franchisor. They've Created the best Kickboxing Fitness Franchise in the World. Home office provides high level support in all facets of Business, procedures, and operations. All the Systems from Marketing & sales to Retention of members are in place. Current owners will also offer support during the Transition period.
Financing Options
Negotiable
Listing Info
ID
2360199
Listing Views
1213

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Business Listed by: Bryce Holloway

Listing ID: 2360199 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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