Sweat at Cove Fitness

1013 W Highway 190

Copperas Cove, TX 76522

https://www.sweatatcovefitness.com/

LISTING INFO:

TITLE: Turn Key Large Gym - Voted #1 in the Area

Location: Copperas Cove, TX

Country: United States

Description:

10-year-old successful 15,000 sqft gym recently voted Number 1 gym in the area is for sale.
New owners bought the gym 3 years ago. With A $60,000 remodel and rebranding this is a
turn-key situation. Fully staffed, with a fresh remodel makes this a rare opportunity. Featuring
only the best equipment, this gym is packed with everything from Treadmills, Ellipticals, Free
Weights, fitness classes, personal training, jacuzzi, tanning beds a smoothie bar and so much
more. This is genuinely a turn-key operation and ready for a new owner!

Asking Price: $279,999

Annual Sales: ~$595,000

Cash Flow: ~$ 97,000

Business Location: Shopping Center in Copperas Cove, Texas

Active Members: 1050-1350

Average Dues: $30-$60 per month

Facility Sq Feet: 14,500

Year Established: 2009

Employees: 20

Seller Financing: Available from the current landlord, 7 years 5%

** Confidential Profile for Sweat at Cove Fitness**

Hours of Operation:

STAFFED HOURS CHILD CARE HOURS

Monday - Friday: 5:00a to 10:00p Monday- Friday: 8:00a - 12:00p, 4:00p - 8:00p
Saturday: 8:00a to 5:00p Saturday: 8:00a - 12:00p
Sunday: 12:00p to 5:00p Sunday: 12:00p - 3:00p
OPEN 24 Hours - non-staffed at other times

Services:

● 24 hr facility ● Tanning ● Pro shop

● Fitness classes ● Child Care ● Sauna
● Personal Training ● Smoothie Bar

About the Competition: The local YMCA recently shut down. Golds Gym and Anytime
Fitness are the only competition remaining in the area making this
gym an attractive option for residents.

Growth Expansion: Added 24-hour access with keycard 2 years ago, and started
charging yearly maintenance fees $37 per new contract a year
ago. There is a strong local population so this gym is positioned
for growth

Support Training: Yes, 30 days

Reason For Selling: The owners recently fell into 2 additional new businesses and
don’t have time to focus on this business. It is a great opportunity
for a new owner.

** Confidential Profile for Sweat at Cove Fitness**

FINANCIAL HIGHLIGHTS

2019 2018 2017

Income 556,624 538,627 162,447
COGS 30,593 49,053 15,142
Gross Profit 526,031 489,574 147,305

Expenses 479,628 531,375 315,793

Net Profit 46,403 -41,801 -168,488

Add Backs 50,501 85,047 104,946

Cash Flow 96,904 43,246 -63,542

** Confidential Profile for Sweat at Cove Fitness**

PHOTOS:

** Confidential Profile for Sweat at Cove Fitness**

** Confidential Profile for Sweat at Cove Fitness**
** Confidential Profile for Sweat at Cove Fitness**
** Confidential Profile for Sweat at Cove Fitness**
** Confidential Profile for Sweat at Cove Fitness**
** Confidential Profile for Sweat at Cove Fitness**
** Confidential Profile for Sweat at Cove Fitness**
** Confidential Profile for Sweat at Cove Fitness**