HIGH VOLUME, EXTREMELY SUCCESSFUL health club / gym is new to the market. The club has 8000 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. There is a full service juice bar that is so good, non members from the neighborhood utilize it on a regular basis. That’s how good it is!. Open 7 days, services offered include: Tanning, Child Sitting, Group X Aerobics, Spin Classes, Personal Training, individually and group [$750k to $800k in sales annually], 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! The lease is incredible. With 7 5 5 years remaining they are only paying about $20 per sq ft. That’s approximately 1/4th of what space is going for in this area. Unbelievable! 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. You gotta love it! Call 1-877-735-5224 for further information.
Asking Price Range: $2.5M – $5.0M
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Not Disclosed
About The Business
Year Established: 2012
Number of Employees: 35 – 49
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Seller Will Provide Training
Reason For Selling: Partners have other business interests
Click on the “Contact Seller” button for more information on this Health and Medical > Health Clubs and Spas business for sale.
Print Listing Id: 700236184