High Volume Gym / Health Club

Business Summary

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.

Financials


Asking Price Range:  $2.5M – $5.0M

Gross Revenues:  

$2,954,504

Cash Flow:  

$859,438

Cash Flow Type:  Sellers Discretionary Cash

Inventory:  $7,500

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

Photos

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Print Listing Id: 700236184
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Posted by: philco on