Financing: $0.00 Down and NEGOTIABLE
Reason for Selling:PARTNERS SPLITTING - OTHER BUSINESS INTERESTS
BOOMING NEW GYM [11 MONTHS OLD] is available for the right buyer. There are currently 3400 members on a 12 month contract, paying an average of $25.00 per month. The present Personal Trainer wants to stay on. The gym has all amenities including, Group Ex, Child Care, Personal Training, Juice Bar, Pro Shop, Theater Room, Full Service Locker room, and a Turf Field. This 20,000 square foot club cost in excess of $2,200,000 to build. It takes about 2-3 years between site location, permitting, BSA approval, and build out to open a club of this caliber and that's with ZERO members. Then, it will take 12 plus months to break even and you will spend an additional $100k per month during that time. THIS CLUB IS THERE, IT IS FULLY STAFFED, AND TURN KEY. The lease is incredible. You have 10 years PLUS two 5 year options for a total of 20 years. 19 are left. The club has a fantastic location in the middle of a busy, emerging area anchored by Chase Bank, Bank of America, IHOP, Dollar Tree and more. The club is being offered at $2.6 MILLION or $2 MILLION and assume the $600k debt on the equipment. Seller requests Proof of Funds before a meeting can be arranged. All funds are VERIFIABLE. Call Broker for further information at 1-877-735-5224
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.