Price Reduced!!!! Make an offer. Turn key operation

Dallas, PA (Luzerne County) (Relocatable)

Free weights

Asking Price:$250,000

Cash Flow:N/A

Gross Revenue:$400,000

EBITDA:N/A

FF&E:$250,000

Inventory:$1,000

Rate/Sq. Ft.:$3.65

Established:N/A

Price Reduced!!!! Make an offer. Turn key operation

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Business Description

Fitness Facility

We are a fitness center with 8860 sq. ft. for all your fitness needs. All equipment is very well maintained and is inspected with monthly maintenance. We have over $250,000.00 worth of equipment that is included in the sale. Some of the brands are Life Fitness, Hammer Strength, Icarian, Legend and others. There are 18 spin bikes(NXT), treadmills, ellipticals, steppers, ladder machine, dumbbells, free weights, attachments, bars, exercise bands, balls, matts, medicine balls, stationary bikes, cardio theater sound system, aerobic pa sound system, TV's, computers, and much more. The sale is for all content inside the building, business name, website and all current active members which is over 800 members. Building is not included this space is rented out and has two years left on contract. Facility has been at this location for over 14 years.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
8,800
Lease Expiration:
4/2/2018
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
There is currently a two year lease left on the property and building. Monthly rent and lease agreement can be negotiated with the building owner. Sale price includes everything listed in the description plus more with the exception of the building. Building is not included in price.
Competition:
The facility has been voted #1 in the Back Mountain for the last four years in a row.
Growth & Expansion:
There is so much more growth with this business since Pennsylvania has a 35% obesity problem and that number has been increasing yearly. The only con in this business is that I have a monthly rent since I do not own the building.
Financing:
Landlord will renegotiate monthly rate.
Support & Training:
We have four personal trainers that are staying with the facility that have many years of experience in this field. I will also stay with the new owner as long as they need for assistance with running the business. All passwords, contact information and business information will be provided to the new owner for an easy transition.
Reason for Selling:
Moving out of state and starting a new chapter.
Business Website:
http://www.big-bear-fitness.com

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Business Listed By:
Carmen Insalaco

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