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Business for Sale Summary

National Gym Franchise - 21,000 Sq. Ft - 31664

Business Type: nutrition & health food,sporting goods/ exercise/ gyms,healthcare related services,other personal services,seller financing available,gym/health club
National Gym Franchise - 21,000 Sq. Ft
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Financial Information (non-confidential)

General Information
Asking Price $1,165,000 Down Payment $800,000
Gross Revenues $1,120,000 Lease Remaining Register Free to View
Owner’s Cash Flow $312,000 Number of FT Employees Register Free to View

Financing

$800,000 Down and $365K over 3 yrs. @ 6%. (SBA PRE-APPROVED WITH AT LEAST 360K DN. STRONG CREDIT AND COLLATERAL)

Business Description

National Gym Franchise - 21,000 Sq. Ft. This is a state of the art facility with all equipment less than 3 years old. THE CURRENT OWNER IS ONLY HERE 6 HOURS PER WEEK. He built this as an investment business and is now ready to sell and move on to his next project. This year's sales are expected to top $1,120,000.00 with a cash flow of approx. $312,000.00. ALL NUMBERS ARE VERIFIABLE. There are 22 years left on the current lease at a rent of $30,000/mth. (incl. all taxes and fees). This location has shown steady growth year over year and is far from its max capacity. They currently have 3,350 active members, with the ability to support over 6,000 members. Membership has continued to grow, but the owner is not there to help convert the new leads. He is the first to admit that management and conversion rate could be improved by an owner/operator. The area is primed for growth with a $3 billion dollar renewal project that has started in the area. To qualify for seller financing, we are seeking a serious and financially qualified buyer with at least $926K in liquid funds to cover an $800K downpayment, a $35K transfer fee, $1,200 in inventory, $90K for rent security, plus collateral. THE BUSINESS IS ALSO SBA PRE-APPROVED FOR A BUYER WITH AT LEAST 360K DOWN, STRONG CREDIT AND COLLATERAL. To learn more, please call or email Mel Vaz today at 877-735-5224 or melvaz@vestedbb.com. ALL BUYERS MUST PROVIDE PROOF OF FUNDS FOR AT LEAST $360K TO OBTAIN THE ADDRESS. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT SPEAK WITH ANYONE WHEN VISITING THE LOCATION. ALL MEETINGS MUST BE MADE BY APPOINTMENT ONLY!

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.