The BizBuySell Small Business Community

  • Get Expert Advice

  •  • Find Local Service Professionals

  •  • Share Your Experiences

I would like to get information on financing a health club purchase with very little downpayment.

I would like to get information or guidance on how to purchase a health club without having 10-20% down payment as most banks look for when doing a loan. Are there any other load options out there that you can get for no money down or will banking institutions not do this anymore. I am looking to purchase a Gold's gym for $2.4 million with cashflow over $750,000. Just trying to find out if this is possible for anyone to help me locate someone to finance an established business.

No User Photo

Answer This Question

max 5000 characters

Web Reference (optional)

e.g., ""

Review Community Guidelines

Help keep our Community clean and on topic. The BizBuySell Community is a place where you can discuss your questions, concerns and knowledge with others you can trust. It is not OK to use this forum to solicit others for personal or financial gain, or to rant about personal issues. It's all in the guidelines.

Submit Your Answer
Answers (2)
No User Photo

We are financial consultants to a group of investors whom we have their consent to manage their funds which is in our custody for cooperation in joint venture business investments.

Our areas of interest include Property Development and real estate, Health Care, Education and training, Mining and exploration, Energy, oil and gas,Technology, Software development, Agriculture, Manufacturing, Finance Services and Leisure.However, all viable proposals within reason will be considered.

Funds shall be made available to you as a direct investment loan at 3% interest rate per annual for a period of 2 or 30 years depending on what you prefer. You may contact us if you have interesting investment proposal for possible business collaboration for our study.

We look forward to your reply to enable us provide you with details or you may visit our website.

Kindly acknowledge receipt of email.

Thank you.

Yours Sincerely
Jesse Peterson
phone: (980) 239-7539

Jun 6, 2017
Jon Holmquist
Edgemaster Model 400 sharpener
Marion County, OR

Would suggest that you start by asking a club that looks like one you would like to own. They may be wanting to sell or know of one that does. Be very careful as most are very equipment heavy and that changes regularly. You also have to have the personality type to make that kind of business do well.
Been a lot of them that have opened and closed as a healthy operating capital is necessary unless you have a gimic or something to draw people in until you get sufficient numbers. Good luck, Jon at Edgemaster Mobile Sharpening.

Feb 15, 2010

Start a Discussion