Wedding Venue and Fitness Club

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Business Description

If you've ever wanted to own and operate a beautiful Wedding Venue and an Athletic Facility located in one of Texas' most beautiful locations then you can have them both together!! Brand new fitness equipment!

Call David J. Sweeten Jr. the Real Estate Broker and the Business Broker-210-697-8760 x 202 or david@brokersoftexas.com

About the Business

Location:
San Antonio, Texas
Year Established:
1996
Number of Employees:
3 full; 8 part
Real Estate:
Owned
Building Sq. Ft.:
23,415
Facilities:
23,415 sq. ft.+ amenities including 5,000 +-sq. ft. in a new wedding venue. The balance is comprised of one and two story athletic facilities with 4 racquetball courts. 2 courts are used for racquetball and the others for stationary bike exercise classes and yoga/pilates, etc. There are two outdoor tennis courts and a large covered and heated 65,000 gallon swimming pool. Fully equipped weight room with new and modern Cybex exercise equipment.
Should growth occur, as anticipated with a new more acitve owner, the parking can be expanded if needed by approximately 150 cars for approximately $100,000.
Market Outlook/
Competition:
Little in the area and none with the ammenities located here.
Growth & Expansion:
Club has grown from around 50 members at the outset to approximately 350 in the last year. The Proforma is based on 660 members over the next 2-3 years and the facility will handle up to 950. A new High School and Middle School for 2,500 students was approved in a bond election held on 5-6-17.
Wedding Venue is new and is booked on Saturday's through early 2018 and the manager is beginning to book events on Fridays and Sundays. We've included Fridays and Sundays in the proforma. Corporate events could be scheduled during the work week including retreats, receptions, etc.
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About the Sale

Reason For Selling:
Owner is a builder/developer not a maintainer.
Training/Support:
As needed and to be negotiated.
Seller Financing:
Up to $800,000

Listing Info

ID:
1370606
Ad Detail Views:
3444
Asking Price:
$2,995,000

Gross Revenue:
$1,179,179
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$1,000
included in asking price

FF&E:
$300,000
included in asking price

Real Estate:
$4,800,000
included in asking price

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Business Listed by

David J Sweeten, CPA, CBI, LREB, BCB

Business Brokers of Texas, Inc.
License# 224674

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