Sell Your Gym In Three Months: Business Valuation, Pricing & Legal Services

Selling any business can be a daunting process, but gyms, fitness centers, recreational studios, and the like have specific considerations that no other kind of business has. If you’re not confident in your ability to promote your business, find suitable buyers, or sell your establishment at a price that’ll help you profit, the industry experts at We Sell Gyms (WSG) can do the work for you! In fact, selling gyms is what they do best. No points for guessing what gave it away!

Get started at https://www.wesellgyms.com/sell-your-fitness-business/exp/

Your Business Prospects

First of all, if you’ve been planning to sell your gym for a while, now’s a better time than ever to do it. In 2024, Statista found that the number of fitness and recreational facilities in the U.S. reached a record high of 55,000, marking a significant increase from the previous two years. 

These numbers suggest that the industry is steadily recovering from the impacts of the pandemic as individuals return to their fitness routines and renew gym memberships, making it a favorable climate for business owners who are looking to sell fitness establishments. After all, any entrepreneur looking to get into the industry would want to own an established business with huge growth potential!

WSG’s Process

However, WSG acknowledges that many business owners struggle to begin the sales process, which is why the company offers sale support and consulting services to ensure you’re able to sell your establishment at the highest possible price. 

The company’s industry and marketing professionals can promote your business to qualified buyers, while its lawyers, accountants, and lenders can assist you with making sale transactions as smooth as possible.

The process begins with business valuation during a no-obligation initial consultation, where WSG’s team will work with you and review recurring and non-recurring dues, merchandising, growth possibilities, branding, and other intangible assets. 

Once this step is complete, WSG will help prepare the business for sale and advertise it on the market through venture capital contacts and high-net-worth individuals. In particular, the company will target industry-focused buyers and manage all aspects of the sale process, from funding pre-qualification to closing.

Being Proactive is Key

But that doesn’t mean you should just rest on your laurels and wait for the magic to happen, as tempting as that may be! While WSG says that you can expect to see a well-priced establishment sold within three to six months, you can expedite the process by developing a good understanding of your business’ financial standing, the actual value of the establishment, and the legalities of the business sale. 

You must also be prepared to provide ongoing counseling to potential buyers, as this will make the transaction more appealing to those who may not have experience in owning and managing a gym. The best buyer may very well be someone who hasn’t run a business in their life. You never know, and you don’t want to alienate a portion of your prospects, right?

There’s more to gym sales than meets the eye - certainly way more than what was covered here. But the most important takeaway is that you can leave most of the heavy lifting to the industry experts at We Sell Gyms. If you want to learn more about how they can help you sell your gym, book your free consultation today!

Visit https://www.wesellgyms.com/sell-your-fitness-business/exp/ to get started!