Popular Fitness Center - Absentee Owner Benefit $144,000

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SBA Lender Pre-qualified with 15% down
Asking Price:
$425,000

Gross Revenue:
$780,974
Cash Flow:
$144,111
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$15,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Very popular fitness center for sale. Very easy to manage and a lot of fun. Sales are growing fast. 2018 Owner Benefit is $144,000. Owner operators could make more. Seller will entertain all reasonable offers. Reason for sale - seller is retiring.

Locally this fitness business has delivered on a mission to provide an overall health focused high energy workout that’s instructor based and involves a blend of head to toe exercise, cardio conditioning, and resistance training. The fitness center was just recently remodeled with over $30,000 in improvements.

In 2018 the business implemented a very popular weight loss program that increased sales by over $200,000 from the previous year. The program is very successful and 2019 sales remain strong.

This is a great turn key opportunity with a strong operating infrastructure. Management and staff are in place operating the day to day needs of the business. So, a transition will be relatively easy and will be supported by the current owner.

Sales continue to grow year after year
2016 Gross Sales: $554,552
2017 Gross Sales: $565,207
2018 Gross Sales: $780,974

About the Business

Location:
Rockwall County, Texas
Year Established:
2006
Number of Employees:
29
Real Estate:
Leased
Building Sq. Ft.:
7,400
Rent:
$11,100.00 Per Month
Lease Expiration:
5/31/2024
Facilities:
The 7,400 sq. ft. fitness center was just recently remodeled with over $30,000 in improvements.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
No cost for 2 weeks
Seller Financing:
Seller Financing 5% with a full price offer _ SBA Lender Pre Approved with 15% down

Listing Info

ID:
1632622
Ad Detail Views:
0

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Business Listed by

David Didion

American Gym Trader

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