15,000 sq. ft. Fitness Center | 97,000 Cash Flow

East Greenwich, RI (Kent County)

Seller Financing Available
15,000 sq. ft. Fitness Center | 97,000 Cash Flow

Asking Price:$260,000

Cash Flow:$97,094

Gross Revenue:$408,217

EBITDA:N/A

FF&E:$175,470

Inventory:$9,300

Established:2011

15,000 sq. ft. Fitness Center | 97,000 Cash Flow

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Business Description

Very modern location with top of the line equipment. Personal training, group exercise, boot camps, nutritional counseling and Chiropractic services.

Acquisition of this location represents a compelling opportunity for a purchaser to acquire an established club with loyal members, high quality instructors, state-of-the-art facilities and equipment in a desirable location for a fraction of the capital required to build from scratch, resulting in:
o Minimal investment
o EBITDA positive location
o Higher ROI
o Significant potential for operating leverage
o This facility could not be replicated today at a cost that would make economic sense for the respective buyer with no members.
o The Company continues to invest in the facility, and since opening has spent significant capital on updating and maintaining the facility.
o Quality equipment – routinely upgrades its equipment to the latest series.
o Favorable lease terms

Detailed Information

Inventory:
Included in asking price
Employees:
23
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Leased – 15,000 sq. ft. in high visibility modern shopping center. The business is surrounded by restaurants, cafes, specialty retailers and many more popular merchants. Common areas includes an abundance of striped/asphalt parking and well maintained by the Landlord. Energy efficient with new LED lighting
Growth & Expansion:
The owners spend all their time in their real estate business and have lost the drive to market this business to its best potential. A new owner that could dedicate more time to the business could increase revenue growth.
Financing:
10% Seller Financing
Support & Training:
No cost for two weeks
Reason for Selling:
Not enough time to manage the gym and their real estate business.

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David Didion

Business Listed By:
David Didion

American Gym Trader

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