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BIZBITE
345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked
Physical
70
/100 score
Strong

Personal Training Studio

Transform bodies and bank accounts simultaneously

Personal training studios offer one-on-one and small group fitness coaching in a dedicated facility. Revenue streams include membership fees, training packages, nutrition coaching, and supplement sales. The model thrives on recurring revenue and high-margin upsells once a client is locked in.

Avg Revenue

$250K

Profit Margin

35%

Acquisition Multiple

1.8x - 3.5x

Startup Cost

$30K - $150K

Difficulty

3/5

How It Works

Clients purchase training packages (10, 20, or 50 sessions at $50-150 per session) or monthly memberships ($200-400). Trainers lead workouts, progress tracking, and nutrition coaching. Revenue scales with occupancy, trainer capacity, and membership retention. Group classes reduce per-trainer revenue but improve margins.

Revenue Range

Low End
$80K
Typical
$250K
High End
$600K

Real Acquisitions in This Category

SBA 7(a) change-of-ownership loans · NAICS 713940 · Fitness and Recreational Sports Centers

Deals tracked
388
131 in last 24 mo
Median loan
$300K
$157K–$662K p25/p75
Implied deal size
$353K
median · ~85% LTV
Charge-off rate
7.1%
of loans that finished

Deal Size Distribution

<$150K
80
$150K–500K
180
$500K–1M
73
$1M–2M
36
>$2M
19

Deal Flow Over Time

Deals per year · median loan
$298K
2020
78
$332K
2021
54
$274K
2022
45
$250K
2023
45
$354K
2024
70
$321K
2025
80
$337K
2026
16
12-month momentum
-36.2%
deal volume vs prior 12 mo
Median loan Δ
+0.0%
51 recent · 80 prior

Financing Profile

Median rate
9.75%
18% fixed · last 24 mo
Median term
120 mo
standard 10-yr
Collateralized
97%
of loans secured
Median jobs
7
supported per deal
Top lenders in this space
Live Oak Banking Company44
The Huntington National Bank22
Cadence Bank11
Pathward National Association6
Truist Bank5
Where deals happen
TX36
CA25
GA23
NY18
FL17
NJ17
NC15
MI14
OH14
MN14
Franchise vs independent
Franchised acquisitions finance at $349K median vs $261K for independents — a +34% franchise premium. Franchises make up 49% of deals tracked.

Recent Comparable Deals

ClosedStateLoanImplied dealJobsFranchise
Dec 2025MN$325K$382K6
Dec 2025FL$2.3M$2.6M3Anytime Fitness
Dec 2025OH$50K$59K5
Dec 2025OH$358K$421K5
Dec 2025NC$670K$788K5Hotworx
Dec 2025TX$2.2M$2.5M6
Dec 2025PA$235K$276K4
Dec 2025PA$25K$29K4
Dec 2025MI$178K$210K9Orange Theory Fitness
Dec 2025MI$50K$59K9Orange Theory Fitness
Volume rank #17/534Deal-size rank #505/534Momentum rank #196p90 loan: $1.2MData as of Dec 2025

Source: SBA 7(a) FOIA dataset, filtered to acquisitions (loans where business age is "Change of Ownership"). Implied deal size assumes an 85% loan-to-purchase ratio, a common SBA change-of-ownership structure. Charge-off rate shown only when 10+ loans have resolved (paid in full or charged off). Interest rates reflect last 24 months only. Actual deal values vary with equity injections, seller financing, and working capital terms.

Pros

  • +High recurring revenue through monthly memberships
  • +Strong client retention and low churn if community is built well
  • +Multiple revenue streams: training, classes, nutrition, supplements
  • +Operates entirely with existing infrastructure (no special equipment needed)
  • +Scalable by hiring additional trainers

Cons

  • -Highly dependent on trainer quality and retention
  • -Sensitive to economic downturns (fitness is discretionary spending)
  • -Requires active marketing to maintain occupancy
  • -Real estate and utility costs can erode margins if not controlled

Best For

Fitness professionals or entrepreneurs with sales + marketing energy who can build community and manage trainer teams

Operating Costs

Major costs: lease ($3K-8K/month depending on size and location), utilities, insurance, trainer payroll (30-50% of training revenue), and marketing. Supplement and nutrition sales have 60%+ gross margins.

SBA Financing Estimator

Adjust the deal — see if it cash flows after debt service

+$3K/mo
after debt service
Deal price — $350K
Range: $330K (1.8×) to $1.1M (3.5×+)
Down payment — 15% ($53K)
SBA minimum equity injection is 10% for change-of-ownership
Interest rate — 9.75%
SBA median for this category: 9.8%
Loan term — 10 years (120 mo)
SBA median for this category: 120 months
Down payment
$53K
15% equity injection
Loan amount
$298K
85% SBA-financed
Monthly payment
$4K/mo
$169K total interest
Monthly profit
$7K/mo
at 35% margin
Monthly cash flow after debt service
+$3K/mo
Down payment paid back in ~16 months — strong return

Estimates only. Excludes owner compensation, capex, working capital draws, and taxes. Margin assumes average occupancy and volume. Actual SBA terms vary by lender and borrower profile.

Where to Buy

BizBuySell – Fitness Businesses

Fitness studios, personal training businesses, and gyms available for acquisition

GymMaster

Industry-specific software and marketplace for fitness business transactions

ACE (American Council on Exercise)

Professional body for fitness trainers with industry trends and business resources

70/100Strong

Acquisition Score

Profit margin
23/30
Entry multiple
25/25
Market depth
17/20
Risk (charge-off)
4/15
Deal momentum
0/10

Scores margin (30), entry multiple (25), SBA market depth (20), category risk (15), and deal momentum (10). Higher = better acquisition candidate.

Quick Facts

Category
physical
Difficulty
3/5
Buy price
$450K$875K

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