24/7 Fitness Club with 1900 Members Priced to Sell

Chattanooga, TN (Hamilton County)

Seller Financing Available
24/7 Fitness Club with 1900 Members Priced to Sell
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Asking Price: $200,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $11,000 /Month

Established: 2013

24/7 Fitness Club with 1900 Members Priced to Sell

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Business Description

The 24/7 fitness club is in a unique location. It located in the midst of an upscale urban residential/commercial setting. The club has incredible visibility in a high traffic area. The club is well positioned for a owner/operator. The club has an established base membership. The addition of an aggressive personal training program could drive additional revenue.

Detailed Information

Location:
Chattanooga, TN
Real Estate:
Leased
Building SF:
6,500
Lease Expiration:
N/A
Employees:
5
Facilities:
6,500 sq. ft. facility located in urban residential/retail area. The equipment is in like new condition. Visibility is second to none.
Competition:
The club is virtually has no competition. Due to the unique location it would be difficult for a competing club to find space.
Growth & Expansion:
The utilization of a strong membership base by pursuing an aggressive personal training program would increase per member revenue.
Financing:
Owner owns 2 clubs in the area and will owner finance large percentage 2club purchase
Support & Training:
2 weeks by the owner and 2 weeks by corporate
Reason for Selling:
The owner has a number of business investments. He is down sizing his portfolio
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Jerry Lucas

Business Listed By:
Jerry Lucas

Lucas Business Brokers

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