24/7 Fitness Club Cash flowing over $200,000 Per Year

GA

24/7 Fitness Club Cash flowing over $200,000 Per Year
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Asking Price: $900,000

Cash Flow: N/A

Gross Revenue: $710,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $0.00

Established: 2017

24/7 Fitness Club Cash flowing over $200,000 Per Year

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Business Description

The business is a 24/7 fitness club. The club is in like new condition, having only been open for a year. It currently has 2,650 members. The club's cash flow is such that an investor could come in, keep the current management in place and enjoy an above market ROI. A buyer who wishes to be an owner/operator could receive the add back income of the current managers wages, which would be an additional income of $50,000 to $60,000 per year. Opportunities to buy into a consistent cash flow stream like this are rare.

Detailed Information

Real Estate:
Leased
Building SF:
8,000
Lease Expiration:
N/A
Employees:
6
Facilities:
The club is in a high profile retail center in close proximity to a Walmart Supercenter. The facility offers plenty of parking and roadside visibility is second to none. The club operates in a 8,000 sq. ft. facility, which allows adequate space to service the large membership base.
Competition:
There are some some smaller mom and pops in the area. This is the only 24/7 value membership club in the area. A big box club has been rumored to be entering the market. However, with the strong location of this club and above industry membership numbers the big box should not impact the club substantially.
Growth & Expansion:
The club has sufficient square footage to add personal and group personal training programs. The addition of these programs can increase revenue.
Support & Training:
2 weeks by the current owner and 2 weeks by the corporate franchise
Reason for Selling:
Owner has other business interest and wants to concentrate his efforts in that d
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Jerry Lucas

Business Listed By:
Jerry Lucas

Lucas Business Brokers

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