Fitness: $493k net

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Profitable Fitness Centers--$493k Net
Asking Price:
$1,450,000

Gross Revenue:
$1,775,830
Cash Flow:
$493,930
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,500
not included in asking price

FF&E:
$266,444
included in asking price

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Business Description

A well-managed and well-executed business. Outstanding franchise system. Very high member LTV compared to other fitness centers. 2018 seller provided financials indicate revenues of $1,775,830, adjusted NOI of $493,930. Jan-June 2019 revenues were up almost 16% over 2018. Three operating and strategically sited locations in Las Vegas are included in this offering. A fourth location is currently under construction, which can be purchased, and one additional undeveloped pre-paid territory available for purchase also. Majority of revenues are collected by automatic EFT from customer's accounts. Low attrition rates. If you like the fitness industry you will be hard-pressed to find a better opportunity.

About the Business

Location:
Las Vegas, Nevada
Year Established:
2015
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
6,000
Rent:
$13,766.00 Per Month
Facilities:
Three strategically located locations in the Las Vegas valley. Two additional undeveloped pre-paid territories available separately.
Market Outlook/
Competition:
Franchise enjoys a great reputation which makes it the dominant player in their space.
Growth & Expansion:
Significant upside by opening additional locations in Las Vegas and other markets.
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About the Sale

Reason For Selling:
capital raise
Training/Support:
Full training by sellers and the franchisor.

Listing Info

ID:
1628993
Ad Detail Views:
1186

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Business Listed by

Michael Cash

Benchmark Business Advisors
License# BUSB#0000030, Broker#B.1001098.CORP

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