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 firstname.lastname@example.org
About the Business
San Antonio, Texas
Number of Employees:
3 full; 8 part
Building Sq. Ft.:
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.
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.
Asking Price: $2,995,000 Gross Revenue: $1,179,179Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $1,000 included in asking priceFF&E: $300,000 included in asking priceReal Estate: $4,800,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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the seller or a business broker representing the seller. BizQuest has no interest
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