Destin and Fort Walton Beach Golds Gyms for Sale
Posted by Destin Real Estate Sales on Thursday, March 15th, 2018 at 8:15am.
Gold’s Gym has become a household name since becoming the first pioneer in the entrepreneurial world of fitness over 50-years ago. They started out in Venice, California back in 1965, way before the fitness fever and national mania for Adonis or Venus-like bodies became all the rage. They have grown exponentially and have thrived ever since. Today they are found in well over 700 locations throughout the U.S. and twelve different countries. Gyms are located around the globe from New York to Egypt to Australia to California to Florida. Gold’s has always been at the forefront of the fitness revolution with state of the art equipment, personal instruction from certified trainers and diverse, dynamic group exercise programs. The global fitness industry is now an 84 Billion dollar business.
Now you have a double opportunity to invest in this thriving enterprise since two individual Gold’s Gyms are offered for sale in the Destin area. One is located at Miramar Beach while the other is in Fort Walton Beach. The physical real estate and preexisting businesses are being sold simultaneously.
The Gold’s Gym in Miramar Beach is located just east of Holiday Road on the north side of the Emerald Coast Parkway. This location is highly visible since almost 50,000 vehicles pass by this site on any given day. This building was built in 1999 and has been in business operation for almost 20-years. The gym encompasses 11,032 square feet and sits on a 1.84-acre commercial parcel.
The second Gold’s gym is located in Fort Walton Beach. The commercial parcel comprises 1.1 acres on Eglin Parkway, which is also quite visible with 15,000 vehicles that pass this site every day. The building was constructed in 2006 and encompasses 10,080 square feet. The combined membership that includes both gyms is acclaimed as the largest in the area with 2,300 total members.
Each gym has its own website. Both gyms include cardio equipment, free weights, resistance machines, functional training, circuit training, personal training, group exercise programs, nutritional counseling, locker rooms, a towel service, martial arts, a boxing area, yoga sessions and a kid’s club.
These properties are being offered at a total of $6,150,000. Note that Gold’s Gym is the world’s #1 Full-Service Fitness Franchise. Average annual gross revenues for 115 corporately owned holdings are reported by Gold’s to be $2,290,000. Currently, investment level estimate property costs stated by Gold’s Gym ranges from $2,218,250 to $5,500,000 for one single gym with an initial franchise fee of $40,000. Gold’s prefers a minimum net worth of $1,000,000 with $400,000 liquidity to become a franchise candidate. Contact our Ocean Reef Real Estate Office today at (877) 392-6085 for a professional consultation and pertinent details related to this purchase.