New
Covington Athletic Club For Sale in Covington, Louisiana
Duran Advisors presents the Covington Athletic Club for sale in Covington, Louisiana. The gym has been in business for over a decade in a high-traffic, centralized location. The owner is looking to sell to pursue other business ventures.
This turn-key business is ideal for a buyer seeking to acquire a facility with an established cash flow. A trainer could monetize the existing client base in a new way by offering personalized training, while the existing revenue stream pays for the business. It is also an ideal strategic acquisition for a company looking to expand. The business is not tied to any franchise, making it a good candidate for a buyer looking to establish a new franchise.
The property is currently leased. A digital Confidential Information Memorandum (CIM) is available to fully disclosed buyers. See the location captured with a Matterport Virtual Reality 3D scan.
Discretionary Earnings 2024: $126,641
This is a Structured Sale™ with the following schedule:
6/20 – Question Submission Deadline
6/27 – LOI Submission Deadline
7/31 – Due Diligence & Close (subject to financing)
Meet the owner, tour the facility, and explore this turnkey opportunity.
For serious inquiries, contact listing broker Joel F. Duran, CM&AA®, CM&AP®, CEPA®, CMSBB® at (504) 313-1038.
Listed By: Joel Duran, CM&AA, M&AMI, CM&AP, CEPA, CAIM, CMSBB
Background information
Reference:
NOLA-0111
Year established:
2011
Reason selling:
Other business interest
Finance
Sales:
$269,081
Profits:
$126,641
Operations
Employees:
None
FF&E:
$ 284,217 (Balance Sheet assets without depreciation). A complete list is available for fully disclosed buyers.
Inventory:
Minimal.
Premises
Facility:
The facility is a 5,500 sq. ft. gym located in a busy commercial center, fully built out with strength and cardio equipment, locker rooms, and 24/7 access. An additional 2500 sq. ft. is available next door.
Square footage:
~5500 square feet
Rent and lease terms:
Rent is $4,340 per month with an additional $2,503.37 in CAM charges, halfway through (3) five-year terms. The landlord must approve the new tenant.
Location:
Covington, Louisiana
Opportunities
Growth:
Growth opportunities include personalized training services, expanded marketing, equipment upgrades, and leasing adjacent space to add services like classes or retail.
Market:
The gym serves the greater Northshore area, attracting serious fitness enthusiasts and families seeking an alternative to corporate gyms.
Price and terms
Financing:
Financing may be available to qualified buyers.
Training:
The current owner will provide two weeks of training at 40 hours per week, with additional support available at market rate if needed.