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Business for Sale Summary

Fitness Center For Sale - 31116

Business Type: healthcare related services,spa / dayspa,sports complex,absentee business,best deals!,new to market,gym/health club
Owner Financing
Fitness Center For Sale
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Financial Information (non-confidential)

General Information
Asking Price $550,000 Down Payment $550,000
Gross Revenues $2,177,041 Lease Remaining Register Free to View
Owner’s Cash Flow $306,531 Number of FT Employees Register Free to View

Financing

$550,000 Down and To be determined

Business Description

HIGH VOLUME, EXTREMELY SUCCESSFUL health club / gym is new to the market. The club has thousands of members and sees almost 1500 of them on a daily basis. Located in an upscale area with trendy, health conscious people, this club hums along all day long. Open 7 days, services offered include: Tanning, Child Sitting, Group X Aerobics, Spin Classes, Personal Training, individually and group, full service locker rooms, boxing room, and all cardio machines have their own TV's. The build out cost was $2.2 million, not including equipment. ALL NUMBERS ARE VERIFIABLE MAKING THIS A FINANCIBLE BUSINESS The lease is well below market value. They are only paying about $20 per sq ft. That's approximately 1/4th of what space is going for in this area. As an added perk, there is about 1000 sq ft available to sublease to a chiropractor, physical therapist, masseuse, etc. and the rent could be 3-4 times what this owner is paying now. This is a turn key opportunity and needs nothing. Please contact the broker at 1-877-735-5224. All franchise transfer fees are the responsibility of the buyer

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.