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Old 01-13-2007, 02:10 PM   #12 (permalink)
Jean-Paul
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Join Date: Oct 2002
Location: Little Rock, AR
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I would approach this very cautiously. Does the existing facility have good books? A solid profit? What is the membership?

My usual advice if someone is considering buying a struggling fitness center is to ask if they couldn't just open one in the same market at a different location and just attract all their members.

I like the 24 hour thing. It allows you to save a lot of money on staffing, and it is a good sales point too.

There are a few things you have to have set up in order to prevent "piggy-backing", but I have worked all that stuff out.

If you have enough capital to purchase another facility you should have enough to open your own place. I have an idea though. Tell me what city you live in (via PM if you prefer) and let me do a little checking on the market there. I am curious about demographics, particularly mean income, among other things. You're in an awfully small market for all those fitness centers, but it may still be underserved.
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