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Boutique Gym in Prime Location | FJB-132

Seattle, Washington

Boutique gym and fitness center offering personal training, a range of class options, and a functional fitness gym in a prime urban location in the heart of one of Seattle’s most popular neighborhoods. Income is generated from a diversified mix of personal training, small group training, unlimited class access, and gym memberships, meaning the business is not too reliant on any one level of interest from customers. The business focus on personal training and small group training through 2020 and 2021 has revenue projected to reach over $600,000 for 2022.

There is a design element to the large fitness area, making it feel different from their limited competition of big-box gyms. The focus is on functional space with plenty of room to have individuals working on different functional training activities within the shared space. This sense of community and camaraderie gives a communal feel to the gym and is an appealing feature that keeps customers coming back and bringing friends.

There is growth potential in offering additional classes, more in-depth personal training, exploring online personal training, and extending the hours that the gym is open. The owner is planning to retire and currently works 20 hours a week in the business. They could be replaced by a new owner with a passion for fitness or a full-time managing owner.

This is an established business. This is not a new franchise or start-up opportunity.

IMPORTANT: Please look for an email with the subject “Morgan & Westfield Business Listing – Boutique Gym in Prime Location” after contacting us. You can access more information on this business after e-signing our Confidentiality Agreement.

Asking Price

$ 349,500

Gross Revenue

$ 552,307

Annual Cash Flow

$ 160,000 (Projected for 2022)

Seller Financing

Yes, available for qualified buyers

Inventory

0

Inventory Included in price

N/A

Location

Seattle, Washington

Real Estate

Leased

Home Based

No

Relocatable

No

Franchise

No

Employees

0 FT | 12 PT

Year Established

2012

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