Need help?

Gym for Sale in Rodney Bay, Saint Lucia

For Sale: ideally located, fully equipped debt-free, high margin gym with over 200 active members.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees < 2
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 190 thousand
Run Rate Sales USD 192 thousand
EBITDA Margin 73 %
Industries Gyms
Locations  Rodney Bay
Local Time 1:54 AM America / St Lucia
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 167 thousand (Native Currency: XCD 450,000)
Reason: Personal health issues and financial obligations including personal debt continue to prevent the own... View More
Includes physical assets worth USD 167 thousand
Documents
Business Overview
- Approximately 228 current clients paying an approximate average of XCD 174.65 monthly.
- Latest reported yearly sales were approx. XCD $477,348.45.
- Strong client retention which is usually above 80%.
- Database of 3,500 plus registered gym members.
- Largest, most equipped, and best-located gym on the island.
- 8,700 local Facebook followers which is more than 3 times that of the closest competitor.
- Achieved Facebook monetization eligibility.
- The market leader in St. Lucia as a result of modern facility, equipment set up, and high service levels from the expertise of qualified staff.
- Strong market niche and a loyal following due to focus on demographics, such as women, children, and families.
- Profitable history except for one month.
Pre-pandemic opening and established nearby competition. we generate consistent earnings from a well-established client base and continue to thrive.
- Location provides high visibility, high pedestrian ad vehicular traffic, adequate parking, easy and convenient access to the facility, and key consumer interest (banks, shopping, medical and shipping services, beaches).
- Facilities offer access to modern exercise equipment essential for client retention.
- Unique schedule-based training model amplifies revenue potential, increases service level potential, reduces operating costs, increases accountability, and strengthens customer-staff relationships. This leads to increased loyalty and retention rates.
- 140% avg membership growth and 65% avg revenue growth from the past 3 years.
- Automated gym management system.
- Sale would include the entire business and physical assets.
- We do not require many employees as most of the members train themselves.
- The profit margin is really high since we do not have many employees and the major expense is the rent only.
Products & Services Overview
Personal training, meal planning, fitness planning, gym membership, protein shakes and smoothies, snack. supplements, and beverages.
Assets Overview
Tangible assets include:
All gym equipment, fixtures, electronic devices including computers, stereo systems televisions, signage,
Intangible assets include:
3rd party gym management system with 3000+ client database and email list, logos, Instagram social media account, trade secrets, proprietary ideas, growth strategy, etc.
The total value of the physical assets is XCD 516,515, and the owner is selling the business at a discounted price of XCD 450,000.
Facilities Overview
- Approx. 4,000 sqft semi-outdoor ground floor facility with an open plan.
- Renewable 3-year lease at an average XCD of $10,500.00 per month.
- The landlord is amenable to lease renewal with the new owner.
Capitalization Overview
The business is owned by a single propritor. It is highly profitable and has no debts or liabilities of any sort on its books. The business is fully funded by owner.
Recent Activity
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
9 Buyers already contacted this Business. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
You might also be interested in these businesses
    Frequently
    Asked
    Questions
    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more