Metro ATL Nat'l Franchise Fitness Ctr-2500 Members-Nets $240k

Atlanta, GA (Fulton County)

Metro ATL Nat'l Franchise Fitness Ctr-2500 Members-Nets $240k

Asking Price:$1,100,000

Cash Flow:$200,000

Gross Revenue:$602,254





Metro ATL Nat'l Franchise Fitness Ctr-2500 Members-Nets $240k

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Business Description

Metro Atlanta National Franchise Fitness Center. 2,500 members

Great Location.

Absentee Owner grossed $602,254 in 2015 with $200,000 net profit after paying all expenses and full staff of 8 plus GM salary and Assistant Manager.

2016 sales are about $60,000 per month with Owner pulling out $20,000 per month.

Priced at $1,100,000 plus $2,500 transfer fee.
Buyer could assume equipment note payments of $5,700 per month or approximately $250,000 to reduce payment due at Closing.

Detailed Information

Great Location. 5,700/sf. Rent $8,640, all in. Ten year lease with option to renew.
Growth & Expansion:
Hands on/on site owner could reduce employment expenses and increase revenues.
Support & Training:
Please ask broker for details.
Reason for Selling:
Absentee owner.
This business is an established franchise

Listing Statistics for Premium Members

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Steven Josovitz

Business Listed By:
Steven Josovitz

Shumacher Restaurant Brokers

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Memberships & Certifications:
Indicates membership in The Georgia Association of Business Brokers (GABB).

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