24 Hour Turn Key Fitness Center

Providence County, RI

Seller Financing Available
24 Hour Turn Key Fitness Center
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Asking Price: $329,000

Cash Flow: $80,000

Gross Revenue: $333,000

EBITDA: $80,000

FF&E: $150,000

Inventory: $150,000

Rent: $12,780 /Month

Established: 2012

24 Hour Turn Key Fitness Center

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Business Description

Profitable Gym Franchsie

24 Hour Member Key Access Turn Key fitness franchise center. Club has been staple in the community for close to a decade! It would benefit from an owner operator that could net 6 figures with focus on external marketing and Personal Training program growth. Beautiful facility that is well maintained and loyal members for years.

Detailed Information

Location:
Providence County, RI
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
6,000
Lease Expiration:
11/27/2028
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
24 hour key access fitness center with private classes and training studio, tanning, private bathrooms, extensive top of the line free weight and life fitness strength and cardio equipment, as well as a turfed functional training area.
Competition:
Only 1 club as competition being Planet Fitness that has been in place for several years. A few smaller studios
Growth & Expansion:
Membership base increased 15% in the last in 2019 and with a hands on owner can triple the PT program over the next 12 months
Financing:
Leases for 5 years with 5 year option no increase in rent for 3 years
Support & Training:
Up to two weeks new owner training and ongoing coaching
Reason for Selling:
To buy other gyms out of state
Franchise:
This business is an established franchise
Business Website:
http://anytimefitness.com
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Business Listed By:
Not Disclosed

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