Sell or Buy a Fitness Center in Illinois

Fitness Center Business Overview

Illinois fitness centers serve health-conscious consumers with gym memberships, personal training, group classes, and specialized fitness programs. The industry offers recurring membership revenue but requires significant equipment investment.

Fitness businesses benefit from membership-based recurring revenue, ancillary income from personal training and retail, and growing health awareness. Success depends on member retention, equipment maintenance, and competitive positioning.

Fitness Center Business Valuation

Business Type	Multiple Range	Basis
Traditional Gym	2.0x - 3.0x	SDE
Boutique Fitness	2.5x - 4.0x	SDE
CrossFit/Specialty	2.0x - 3.5x	SDE
Franchise Gym	2.5x - 4.0x	SDE

Key Valuation Factors

Membership base: Active members, retention rates, and growth trends
Revenue mix: Memberships, personal training, classes, retail
Equipment condition: Age and maintenance of fitness equipment
Lease terms: Remaining lease and renewal options
Location: Demographics, visibility, and competition

Selling a Fitness Center

Key Selling Considerations

Membership data: Active members, churn rates, and demographics
Equipment inventory: Detailed list with age and condition
Staff retention: Key trainers and instructors willing to stay
Lease assignment: Landlord approval for lease transfer
Membership agreements: Contract terms and billing systems

Illinois Regulatory Compliance

Illinois Physical Fitness Services Act compliance
Membership contract requirements (3-day cancellation)
Health club bond or letter of credit
AED and emergency equipment requirements
Liability insurance and waivers

Complete Selling Guide →

Buying a Fitness Center

Key Buying Considerations

Membership verification: Verify active member counts and billing
Equipment inspection: Professional assessment of all equipment
Lease review: Terms, rent, and assignment provisions
Competition analysis: Nearby gyms and market saturation
Staff interviews: Meet key trainers and managers

Complete Buying Guide →

Fitness Center Business Types

🏋️ Traditional Gym

Full-service fitness facilities.

🧘 Boutique Studio

Yoga, Pilates, barre studios.

💪 CrossFit Box

CrossFit affiliate gyms.

🥊 Martial Arts

MMA, boxing, karate studios.

🚴 Cycling Studio

Indoor cycling and spin classes.

👥 Personal Training

One-on-one training studios.