Trending, Hip & Fun Fitness Gym - 2 Locations!

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OWNER ABSENTEE $18-23K EBITDA MONTHLY & GROWING! *TRENDING INDUSTRY*
Asking Price:
$1,400,000

Gross Revenue:
$1,400,000
Cash Flow:
$384,000
(Seller's Discretionary Earnings)

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

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

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Business Description

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.

About the Business

Year Established:
2017
Number of Employees:
10
Real Estate:
Leased
Building Sq. Ft.:
6,083
Lease Rate:
 Not Disclosed
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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Listing Info

ID:
1560963
Ad Detail Views:
110

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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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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Fort Bend and Harris Counties, TX
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Source: American Community Survey (2010-2014), United States Census Bureau.

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