Gym for Sale in Dammam, Saudi Arabia

- Thriving premium ladies fitness center located in Dammam.

- Situated in a prime location and benefiting from high foot traffic and easy accessibility, which enhances its attractiveness to potential customers.

- The business generates revenue through multiple streams, including membership subscriptions, personal training services, retail and merchandise sales, as well as partnerships and collaborations, providing a diversified income base.

- The fitness center offers a range of services such as indoor cycling, re-axing, cardio & strength, and boxing.

- Major revenue source is through memberships. Memberships range from 1 month to 12 months, with a fee ranging from SAR 1,099 to 5,999.

- The business has established a strong brand presence within the local community and on social media platforms, supported by positive reviews and robust social metrics, which can potentially drive customer acquisition and retention.

- Has a strong membership base that serves as a cornerstone for profitability and provides significant potential for future growth and expansion.

- The fitness center boasts state-of-the-art equipment and a wide range of classes, offering an extensive array of facilities and services.

- There are 6 permanent employees. additional part-time employees are hired based on season and demand.

Revenue Streams include:

- Membership subscriptions.

- Personal training services.

- Retail and merchandise.

- Partnership and collaborations.

Services include: indoor cycling, re-axing, cardio & strength, boxing etc.

Majority of revenue is through memberships.

Tangible assets include more than 30 strength and cardio machines, fitness accessories, re-axing studio, office furniture and set-up, sound system, 13 HVAC and ventilation units and system, and laundry machines.

Intangible assets include website, branded app, customer database, and business know-how (SOPs).

Ground and mezzanine level gym in a commercial/office building, located in Prince Mohammed Bin Fahad Branch Rd, Dammam.

Total area ~ 750 sqm.

Total rent of ~ SAR 385,000/year.

- The business is self-funded and operates with sole ownership.

- The growth of the business has been purely organic with no loans to support it.