Feel the VIBE! Trending, Hip & Fun Fitness Gym - 2 Locations!

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Asking Price:
$799,000

Gross Revenue:
$1,082,436
Cash Flow:
$267,347
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$13,000
included in asking price

FF&E:
$155,000
included in asking price

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Business Description

Reduced price for all cash buyer only. Want to own a successful business and also get the satisfaction of helping people become healthier and more fit? These ready to operate fitness centers are perfect for an absentee owner. Two young locations in the Houston area are fully staffed and have established, growing membership. Aggressive membership strategies, excellent ratings and great reputation, the owners have already set themselves apart, receiving nation-wide recognition for their success from the franchise. Combined locations producing cash flow in excess of $30k/mo and growing. Perfect for investor looking to get into cash positive, growing business without waiting the 10-15 mos. to invest, build out and attract initial members. 2019 experiencing even faster monthly growth from new marketing initiatives! Seller Motivated.

About the Business

Location:
Harris County, Texas
Year Established:
2017
Number of Employees:
10
Real Estate:
Leased
Building Sq. Ft.:
6,083
Rent:
$9,259.00 Per Month
Facilities:
Located in upscale shopping center; excellent locations, quality space, great landlord relations. Data for combined locations. Leases expire in 2022 and 2023 with extension options
Listing price based on being ready for continued growth, and average results of locations per the franchise, which the sellers have already been recognized for exceeding. Pro-forma figures are expectations for full year results July 2018 - June 2019.
Growth & Expansion:
Excellent. Membership growing monthly. 2 locations. Seller willing to do 20% seller financing for the right buyer. A buyer who understands this industry will know that now is the time to enter the industry to take advantage of 1Q2019 growth potential.
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About the Sale

Reason For Selling:
career change
Training/Support:
2 weeks

Listing Info

ID:
1617378
Ad Detail Views:
0

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Business Listed by

Bobbi Coffey

Transworld Business Advisors

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Sponsoring Broker:

Gerald G. Brisson, CBI, M&AMI, CMAP
Transworld Business Advisors


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