Turnkey Independent Fitness Center – 20+ Years
Virginia Beach

Rare opportunity to acquire a well-established independent fitness center that has served its local community for more than 20 years. Unlike a typical big-box gym, this business has built a loyal membership around a friendly, welcoming culture where members and staff know each other by name. The facility offers 24/7 member access, personal training, group fitness classes, and additional income through space subleased to a physical therapy provider.

The current owners are actively involved in management and teach some classes, creating an opportunity for a hands-on fitness professional, couple, or new owner to continue the existing model while potentially expanding programs, staffing, and revenue streams. The gym occupies more than 6,000 square feet in an excellent location just off a major roadway in an affluent and desirable area. Long-term lease options are available, providing stability for a new owner. Revenue and membership levels have remained consistent, supported by a loyal base of long-term customers. After many years of ownership, the sellers are ready to retire and are looking for the right buyer to take over the business and continue taking care of the members and community they have built.

Highlights include: 20+ years in business • Loyal and consistent membership base • 24/7 access • Personal training and group classes • Physical therapy sublease income • 6,000+ SF facility • Desirable affluent market • Excellent location near a major roadway • Long-term lease options available • Established community reputation • Retirement sale

Listing Number:

25931

Category:

Fitness

Location:

Virginia Beach
$256,400

Financial Information:

Gross Revenue:

$435,965

Listed Price:

$256,400

Down Payment:

$0

Total Income:

$95,732

Year Established:

1996

Lease Information:

Square Feet:

6567

Total Rent:

$8,509

Lease Expiration:

08/2027

Lease Options:

Open to long term extension

Asset Information:

Leasehold Improvements:

$110,132

Equipment / Fixtures:

$184,771

Inventory:

$0

Other Assets:

Name is trademarked

Additional Information:

Full-Time Employees:

0

Part-Time Employees:

0

Special Licence Required:

N/A

Contract Staff:

12

Training Period:

2 weeks

Reason for Selling:

Retirement

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First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


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Timothy Johnson
Office: (757) 866-2321| Cell:
License #:

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Turnkey Independent Fitness Center – 20+ Years
Virginia Beach

Listing Number:

25931

Category:

Fitness

Location:

Virginia Beach

Listed Price:

$256,400
brokerPhoto
Timothy Johnson
Office: (757) 866-2321| Cell:
License #:

Rare opportunity to acquire a well-established independent fitness center that has served its local community for more than 20 years. Unlike a typical big-box gym, this business has built a loyal membership around a friendly, welcoming culture where members and staff know each other by name. The facility offers 24/7 member access, personal training, group fitness classes, and additional income through space subleased to a physical therapy provider.

The current owners are actively involved in management and teach some classes, creating an opportunity for a hands-on fitness professional, couple, or new owner to continue the existing model while potentially expanding programs, staffing, and revenue streams. The gym occupies more than 6,000 square feet in an excellent location just off a major roadway in an affluent and desirable area. Long-term lease options are available, providing stability for a new owner. Revenue and membership levels have remained consistent, supported by a loyal base of long-term customers. After many years of ownership, the sellers are ready to retire and are looking for the right buyer to take over the business and continue taking care of the members and community they have built.

Highlights include: 20+ years in business • Loyal and consistent membership base • 24/7 access • Personal training and group classes • Physical therapy sublease income • 6,000+ SF facility • Desirable affluent market • Excellent location near a major roadway • Long-term lease options available • Established community reputation • Retirement sale

Financial Information

Gross Revenue:

$435,965

Listed Price:

$256,400

Down Payment:

$0

Total Income:

$95,732

Year Established:

1996

Lease Information

Square Feet:

6567

Total Rent:

$8,509

Lease Expiration:

08/2027

Lease Options:

Open to long term extension

Asset Information

Leasehold Improvements:

$110,132

Equipment / Fixtures:

$184,771

Inventory:

$0

Other Assets:

Name is trademarked

Additional Information

Full-Time Employees:

0

Part-Time Employees:

0

Special License Required:

N/A

Contract Staff:

12

Training Period:

2 weeks

Reason for Selling:

Retirement

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker,
Terms of Use before responding to any ad.