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Business for Sale Summary

General Fitness and Spin Center - 30941

Business Type: sporting goods/ exercise/ gyms,other personal services,best deals!,must sell/drastic price reduction!,new to market,gym/health club
General Fitness and Spin Center
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Financial Information (non-confidential)

General Information
Asking Price $99,000 Down Payment $99,000
Gross Revenues $358,000 Lease Remaining Register Free to View
Owner’s Cash Flow $77,790 Number of FT Employees Register Free to View

Financing

$99,000 Down and None.

Business Description

General fitness and spin center. Non-franchised, established 10 years ago. This deal is really two businesses in one. They offer a 4,000 sq. ft. fitness center and 3,000 sq. ft. spin studio, in a great location. The space is fully-equipped with state-of-the-art cardio and strength training equipment, a full line of free weights, resistance training and spacious exercise studios. They offer a variety of classes for all fitness levels. The business is fully staffed with seven fitness instructors. A new 10-year lease is possible for a qualified tenant at a rate of $7,200/month. They currently have approx. 400 active members and approx.100 active personal training clients. In the past year, the business grossed approx. $358,000.00, with a cash flow of approx. $77,790.00 (for an owner/operator). We are seeking a serious and financially-qualified buyer with at least $113K in liquid funds to cover the asking price and rent security. To learn more, please call Mel Vaz today at 1-877-735-5224. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION. kg

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.