Fitness Center For Sale - 31116

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Fitness Center For Sale - 31116
Asking Price:
$550,000

Gross Revenue:
$2,177,041
Cash Flow:
$306,530
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

HIGH VOLUME, EXTREMELY SUCCESSFUL health club / gym is new to the market. The club has thousands of members and sees almost 1500 of them on a daily basis. Located in an upscale area with trendy, health conscious people, this club hums along all day long. Open 7 days, services offered include: Tanning, Child Sitting, Group X Aerobics, Spin Classes, Personal Training, individually and group, full service locker rooms, boxing room, and all cardio machines have their own TV's. The build out cost was $2.2 million, not including equipment. ALL NUMBERS ARE VERIFIABLE MAKING THIS A FINANCIBLE BUSINESS The lease is well below market value. They are only paying about $20 per sq ft. That's approximately 1/4th of what space is going for in this area. As an added perk, there is about 1000 sq ft available to sublease to a chiropractor, physical therapist, masseuse, etc. and the rent could be 3-4 times what this owner is paying now. This is a turn key opportunity and needs nothing. Please contact the broker at 1-877-735-5224. All franchise transfer fees are the responsibility of the buyer

About the Business

Number of Employees:
442
Website:
www.vestedbb.com
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About the Sale

Reason For Selling:
Other business interest.
Training/Support:
Yes
Seller Financing:
550,000.00 Down & To be determined

Listing Info

ID:
1531383
Ad Detail Views:
479

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Business Listed by

Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.
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