Businesses For Sale

Fitness Center - SOLD

Asking Price:$2,515,000 Gross Income:$650,291 Cash Flow:$328,145 FF&E:$0
Inventory:$0 Real Estate:$1,800,000 Year Established:1999 Employees:24

Description:An outstanding opportunity to own a full service fitness center and its related real estate (Real Estate is valued at $1.8 million and is included in asking price). The fitness industry remains a growth industry and has performed well during the recent downturn. The center is well established and have a market leading position in its location. The center is full service including free weight and circuit training, cardio equipment, personal training, group fitness, spin classes, tanning, child care, smoothie bar and many other amenities. Both the equipment and the facilities have been well maintained. Also, the investment in the related real estate enables the buyer to build equity and participate in potential appreciation instead of paying rent to a third party.

Facilities:The facility is located in a high volume retail center on a busy thoroughfare and is 12,000 square feet.

Growth/Expansion:The club is absentee owned and does not have a comprehensive marking plan, therefore there is significant growth opportunities for an owner/operator buyer

Contact Information

Contact:   Mike Nolan

Phone:   919 609 9998


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