|
Fitness Center
Location California,United States
Asking Price Range < $250K
Gross Revenues $236505
Net Profit / Cash Flow $63244
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2005
Number of Employees 4 - 5
Inventory 25000
Relocatable Yes
Number of Employees 4 - 5
Real Estate Leased
Training 2 weeks at 20 hours per week.
Reason for Sale Owns building wants to be landlord vs. biz owner.
Description If you are a personal fitness trainer or would enjoy being paid to stay fit this is the business for you! The business was established in Jan 2005 and has shown a steady growth since inception. Today they report a year round average of 400 members with a peak of 500 during the Xmas season at any one time paying $17.00 / 19.00 per month plus half the members are assessed a one time annual fee of $19.00 in June and the other half is assessed in December. Additional sources of income are from 3 trainers who pay to use the gym with their clients, boxing classes at $700 per month and hourly rental for the cardio room. Please be aware the seller will carry financing for a qualified buyer with a $55,000 cash down and the remainder spread over 60 months at 6.5% annual interest. The seller for the business owns the building and will write a new lease for the buyer. The base rent for the 7,000 sq. ft. space will be $3,850 plus $1,650 in NNN charges for a projected rent of .78 cents per sq. ft. Those rates are acceptable to the owner but the length of the lease, option and annual increases will have be negotiated. The seller's annual cash flow has been adjusted to reflect the above projected new rent. They have listed the business at $125,000 based on annual sales of $236,505 and anjusted annual cash flow of $63,244 the gross and the net are from a seller provided P&L for 12 months ending Dec 2011.
BTI 7815 Farley Gouner CA RE Lic # 01271117 Ph: 408-385-0402.
Click Here To Contact Seller
|
|
