24 Hour Fitness Franchise

York County, ME

24 Hour Fitness Franchise

Asking Price:$125,000

Cash Flow:$35,000

Gross Revenue:$136,000

EBITDA:$35,000

FF&E:$40,000

Inventory:N/A

Rate/Sq. Ft.:$12.73

Established:2007

24 Hour Fitness Franchise

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Business Description

Great opportunity to buy an established national franchise 24-hour gym and fitness center in Greater Portland operating successfully since 2007. Sale price includes equipment, furniture, fixtures, software, goodwill and $25,000 transfer fee paid by seller.

Three years average trailing earnings would have yielded a 36% annual cash on cash return for a levered buyer. Capitalization Rate is 23%.

It is the perfect business for an absentee owner or a full-time owner-operator committed to health and fitness. The business offers a reasonable weekly work schedule for an owner-operator. If you are a retiree with excess time on your hands, this could be the right opportunity for you.

The corporate franchise program is pre-approved for SBA small business loan programs.

Please call listing agent to request confidentiality agreement.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
2,000
Lease Expiration:
10/31/2022
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All equipment, furnishings, client lists and access to website are included in sale.
Reason for Selling:
Career change
Franchise:
This business is an established franchise

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Michael Rogers

Business Listed By:
Michael Rogers

The Maine Real Estate Network

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