Asking Price:

$1,300,000

Gross Income:

$460,000

Cash Flow:

$190,000

EBITDA:

N/A

FF&E:

$200,000.00 *

Inventory:

N/A

Real Estate:

$950,000.00 *

Year Established:

1986

Employees:

10

Business Types:

Amusement & Recreation
Other Personal Services

* included in the asking price

Business Description

This health and fitness, food service and efficiency unit rental property complex is located in a scenic, central area, of Colorado. The current population is over 24,000. The business is well established and has developed a fine reputation with its more than 2,200 members. The complex property is sited on three city lots comprising 2.07 acres. The health and fitness center offers cardio exercises, step and water aerobics, strength training, free weights, pool, sauna, yoga, kickboxing, certified trainers, fitness profile program, and child care. The complex contains a food service area, an outdoor patio, 5 efficiency rental units and a day care center

Detailed Information

Facilities:

The subject property's present improvements are configured as an athletic club facility with a food service space and five efficiency units. The ground coverage ratio is 13%. There is a 1,200 sq. ft. indoor pool and two commercial sized hot tubs. The structure also contains a reception/sales area, a weight room, an aerobic exercise area, cardio exercise equipment room, men's and women's shower rooms, restrooms, sauna, mechanical rooms and a day care facility for the members.

Competition:

There is one main competitor who does the same thing they do.

Growth/Expansion:

Lots of area for expansion. The owner has future plans for the facility that we will share with a prospective buyer.

Support/Training:

30 days at no charge

Reason Selling:

He needs to move to Oregon.