Profitable Turnkey Gym in Federal Hill – Strong Cash Flow
Business Description
Established, Profitable Boutique Gym for Sale in Prime Federal Hill Location
Federal Hill Fitness is a well-established and profitable boutique gym located at 39 E. Cross Street in the heart of Federal Hill—one of Baltimore’s most desirable and densely populated neighborhoods. Consistently voted Best of Baltimore by Baltimore Magazine for over 20 years, and recognized with numerous awards from The Baltimore Sun and City Paper, the gym has built a strong reputation in the community. Positioned directly next to Cross Street Market, it benefits from outstanding visibility, steady foot traffic, and a built-in customer base of young professionals, families, and long-term residents.
The business operates from a purpose-built, multi-level fitness facility and has developed a strong local brand with deep community ties. Federal Hill Fitness enjoys a 4.5-star average rating across Google, Yelp, and ClassPass, with consistent praise for its welcoming atmosphere, cleanliness, diverse class offerings, and knowledgeable staff. This reputation has translated into strong member retention and predictable recurring revenue.
Financial Performance & Stability:
The business has demonstrated consistent and meaningful growth. Profitability is strong, placing the gym at the upper end of industry margins. Seller's Discretionary Earnings make this an attractive owner-operator or semi-absentee opportunity for someone with industry experience, specifically personal training and/or health club operations.
Diversified Revenue with Clear Upside:
Membership revenue accounts for 80-90% of total income, providing a stable base of recurring cash flow. Personal training currently accounts for 15% which demonstrates a marked potential for significant growth. Historically, personal training and associated programs have generated over 30% of total revenue, indicating that a focused approach to trainer recruitment, utilization and package sales could materially increase revenue and margins without adding significant fixed costs. Additional upside exists through optimized pricing, expanded specialty training programs, corporate programming and continued neighborhood-driven membership growth.
Turnkey, Proven Operation:
Federal Hill Fitness is fully turnkey, with all critical systems in place including Mindbody member management, QuickBooks Online accounting, automated payroll, digital marketing, and documented operating procedures housed in an internal Wiki. The gym operates efficiently with lean staffing and streamlined workflows, allowing a new owner to step in with minimal disruption. Comprehensive transition support, training, and brand asset transfer are available to ensure a smooth handover.
Compelling Acquisition Opportunity:
Offered at an indicated valuation of approximately $320,000, this business represents a buyer-friendly acquisition supported by strong cash flow, established operations, and clear, actionable growth opportunities. Federal Hill Fitness is ideal for an owner-operator, fitness professional, or investor seeking a proven boutique fitness business in a prime urban market with both immediate income and long-term upside.
Financials provided upon execution of an NDA.
Federal Hill Fitness is a well-established and profitable boutique gym located at 39 E. Cross Street in the heart of Federal Hill—one of Baltimore’s most desirable and densely populated neighborhoods. Consistently voted Best of Baltimore by Baltimore Magazine for over 20 years, and recognized with numerous awards from The Baltimore Sun and City Paper, the gym has built a strong reputation in the community. Positioned directly next to Cross Street Market, it benefits from outstanding visibility, steady foot traffic, and a built-in customer base of young professionals, families, and long-term residents.
The business operates from a purpose-built, multi-level fitness facility and has developed a strong local brand with deep community ties. Federal Hill Fitness enjoys a 4.5-star average rating across Google, Yelp, and ClassPass, with consistent praise for its welcoming atmosphere, cleanliness, diverse class offerings, and knowledgeable staff. This reputation has translated into strong member retention and predictable recurring revenue.
Financial Performance & Stability:
The business has demonstrated consistent and meaningful growth. Profitability is strong, placing the gym at the upper end of industry margins. Seller's Discretionary Earnings make this an attractive owner-operator or semi-absentee opportunity for someone with industry experience, specifically personal training and/or health club operations.
Diversified Revenue with Clear Upside:
Membership revenue accounts for 80-90% of total income, providing a stable base of recurring cash flow. Personal training currently accounts for 15% which demonstrates a marked potential for significant growth. Historically, personal training and associated programs have generated over 30% of total revenue, indicating that a focused approach to trainer recruitment, utilization and package sales could materially increase revenue and margins without adding significant fixed costs. Additional upside exists through optimized pricing, expanded specialty training programs, corporate programming and continued neighborhood-driven membership growth.
Turnkey, Proven Operation:
Federal Hill Fitness is fully turnkey, with all critical systems in place including Mindbody member management, QuickBooks Online accounting, automated payroll, digital marketing, and documented operating procedures housed in an internal Wiki. The gym operates efficiently with lean staffing and streamlined workflows, allowing a new owner to step in with minimal disruption. Comprehensive transition support, training, and brand asset transfer are available to ensure a smooth handover.
Compelling Acquisition Opportunity:
Offered at an indicated valuation of approximately $320,000, this business represents a buyer-friendly acquisition supported by strong cash flow, established operations, and clear, actionable growth opportunities. Federal Hill Fitness is ideal for an owner-operator, fitness professional, or investor seeking a proven boutique fitness business in a prime urban market with both immediate income and long-term upside.
Financials provided upon execution of an NDA.
About the Business
- Years in Operation
- 24
- Facilities & Assets
- The business operates out of a 6,200 square foot, multi-level gym facility spanning three fully finished floors. No deferred building maintenance.
Equipped with central HVAC, dedicated locker rooms, and an ADA-compliant restroom on the first floor w/ buildout being purpose-designed for a range of training modalities.
Sale includes a comprehensive package of current and fixed assets necessary to operate the business as a turnkey gym, including: fitness equipment, sound & audio equipment, building security equipment, office equipment, furniture, etc. - Website
- https://fhfitness.com
- Market Outlook / Competition
- Federal Hill is a dense, walkable neighborhood fueled by new apartment development and strong demand for boutique fitness. The business, offered at approximately $320K, represents a fair, buyer-friendly multiple relative to cash flow. The gym’s strong brand, loyal membership, and personal training upside create a durable competitive position.
- Opportunities for Growth
- Federal Hill Fitness has demonstrated strong momentum, consistently growing revenue year after year, fully recovered post covid. The largest expansion opportunity lies in personal training, which represented ~15% of revenue in 2024 but has historically exceeded 30% with focused trainer recruitment and utilization. Increasing high-margin training packages, improving member conversion, and leveraging growing neighborhood density from new apartment developments offer meaningful upside.
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
- Building Sq. Ft.
- 6,200
About the Sale
- Seller Motivation
- Owner is shifting focus to new commercial development opportunites.
- Transition Support
- An extensive operational training transition is possible, w/ negotiated purchase agreement.
- Knowledge Transfer: Full access to the internal Wiki with admin rights.
- Software Training: Assistance in transitioning member management, payroll, and other critical systems.
- Brand Assets: Transfer of the domain, Google Workspace, email accounts, and branding assets.
Listing Info
- ID
- 2469821
- Listing Views
- 7
Attached DocumentsAttachment Disclaimer
Business Location
Listing ID: 2469821 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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