Modern 24-hour Fitness Center - Positive Cash Flow

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Asking Price:
$170,000

Gross Revenue:
$201,835
Cash Flow:
$49,864
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$1,500
not included in asking price

FF&E:
$215,000
included in asking price

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Business Description

Excellent opportunity to be your own boss in this modern 24-hour fitness center. Very easy to operate and backed by one of the best fitness franchises in the world with over 3,000 locations and is currently ranked as one of the top franchise opportunities by a variety of online publications.

This fitness center offers the best equipment available including treadmills, cardio TV’s, Elliptical Cross-Trainers, Exercise Cycles, Stair Climbers, Spin Bikes, Strength Equipment and free weights. Staffed with two very professional trainers offering, functional training, group training and personal training. Amenities include 24-hour access, 24-hour security, private restrooms, private showers, HDTV’s and well lighted convenient parking.

About the Business

Year Established:
2014
Number of Employees:
1 FT/2 PT
Franchise:
Yes
Real Estate:
Leased
Facilities:
The property is 5,000 sq feet and opened in July 2014. Common areas include an abundance of striped/asphalt parking and is well maintained by the landlord.
Growth & Expansion:
New owners could increase sales by having more staffed hours and engagement with clients. The current owners do not spend that much time in the gym.
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About the Sale

Reason For Selling:
The three partners have different objectives.
Training/Support:
Will train for 4 weeks @ no cost.
The Franchise company (Franchisor) must approve any transfer. The transfer fee is $5,000. Franchisor provides 2 weeks training in Minnesota.
Seller Financing:
10% seller financing with full price offer.

Listing Info

ID:
1422725
Ad Detail Views:
1315

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Business Listed by

Fred Walker

Murphy Business & Financial VA

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