Large Fitness Center
Location Tennessee,United States
Asking Price Range $250K - $500K
Gross Revenues $245000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2010
Number of Employees 1 - 3
Inventory 325000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will provide training
Reason for Sale Family & Personal Reasons
Description Large Fitness Center situated in a high traffic location with an established membership base. 15,000 Sq. ft. fitness facility located in one of the fastest growing areas in Southern Middle Tennessee.
All members are given 24 hour access to the gym. The current lease agreement is approximately $3,000 per month for the next 8 months and then will be up for negotiation of terms/renewal decisions. The sellerrƒ?s wife would love to stay on as a salaried part or full time employee as part of the transaction if it makes sense for all parties involved.
Sale price includes the furniture, fixtures and equipment valued at $325,000.
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