Seller Financing Available

Asking Price:

$110,000

Gross Income:

$236,505

Cash Flow:

$63,244

FF&E:

$30,000.00 *

Inventory:

$1,000.00 *

Real Estate:

N/A

Year Established:

2005

Employees:

3 PT

Business Types:

Health, Medical & Dental
Amusement & Recreation

* included in the asking price

Business Description

If you are a personal fitness trainer or would like to be paid to stay fit this is the business for you!!! Note the seller owns the building and will write a new lease for the buyer. A projected base rent of $3,850 and $1,650 NNN per month are acceptable to the owner for the 7,000 sq. ft. facility but the length of the lease, option and annual increases will have to be negotiated. The seller's cash flow has been adjusted to reflect the projected new rent. The seller will not pay a leasing commission. The business was established Jan 2005 and has shown a steady growth since inception. Today the business reports a year round average of apx. 400 members with a peak of 500 during the Xmas season with members paying $17.00 / 19.00 per month plus half the members are assessed a onetime annual maintenance fee of $19.00 in June and the other half are assessed in December. Additional sources of income are from 3 trainers who pay to use the gym with their clients, boxing classes @ $700 per month and hourly rental for the cardio room. The business achieved annual gross revenues of $236,505 in 2011 with a net benefit to the owner of $63,244 for the year. Seller financing is available !! BTI 7815
Farley Gouner CA RE Lic # 01271117 Ph: 408-385-0402

Detailed Information

Facilities:

7,000 sq. ft. w/a projected rent of 3,850 base plus 1,650 NNN

Financing:

Owner will carry 60,000 @ 6.5% for 60 mos

Support/Training:

2 weeks @ 40 hours per week

Reason Selling:

Seller owns the building would rather be a landlord