Women's-Only Health & Fitness Facility

Barnstable County, MA

Seller Financing Available
Women's-Only Health & Fitness Facility

Asking Price:$659,000

Cash Flow:$235,000

Gross Revenue:$725,000

EBITDA:N/A

FF&E:$250,000

Inventory:$1,000

Lease Rate/Sq. Ft.:$12.40

Established:1998

Women's-Only Health & Fitness Facility

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Business Description

Located on Cape Cod, this health and fitness facility is a premier women-only fitness center. Over 45 group exercise classes are offered weekly, as well as Small Group Personal Training. In addition there is an abundance of strength training and cardiovascular equipment, an impressive array of services and amenities as well as a full service day spa. The Center consists of about 10,000 square feet. The premises are leased. The monthly NNN rent is about $10,400. There are two years remaining on the current lease and there are two renewal options of three years each. There has been a fitness center at this location since 1998. There are close to 1,100 members. There is an attractive and informative website as well as Facebook, Tweeter and more social media accounts. The Club is exceptionally well maintained the equipment is in excellent condition. The value for the equipment and furnishings is estimated to be $250,000. The Center has averaged sales of $724,000 and owner’s earnings of over $235,000. The business along with the leasehold improvements, memberships, member and prospect database, website and social media, marketing materials, exercise and fitness equipment, furnishings, fixtures, trade name and goodwill and equipment is offered at $659,000. Owner orientation and training is included.
The company also has a Co-Ed location available in a nearby town. Two floors filled with brand new state of the art strength training and cardiovascular equipment. Contact us for additional information for this site. The two facilities can each be purchased separately or may be purchased together for a unit price.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
10,000
Lease Expiration:
9/1/2018
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Beautifully built-out and well maintained
Financing:
Some may be available for qualified buyers
Support & Training:
Seller will provide transitional orientation and training
Reason for Selling:
Re-locating

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Craig Campbell

Business Listed By:
Craig Campbell

Cape Cod Business Brokers

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Sponsoring Broker:
Jim Vaccaro

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