24000sf Turnkey State of The Art Fitness Facility w/ Real Estate

Gaffney, SC (Cherokee County)

Seller Financing Available
24000sf Turnkey State of The Art Fitness Facility w/ Real Estate
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Asking Price: $1,800,000

Cash Flow: $400,000

Gross Revenue: N/A

EBITDA: $400,000

FF&E: $200,000

Inventory: N/A

Real Estate: $1,800,000

Established: 1996

24000sf Turnkey State of The Art Fitness Facility w/ Real Estate

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Business Description

Description

Significant price improvement on this 24169sf state of the art facility with full gymnasium, racquetball courts, and acreage for expansion or additional building.

Real Estate located within Gaffney, SC Opportunity Zone means multiple tax benefits available to buyer!

Started in 1996, this business has a strong reputation and multiple annual “Employee Wellness” contracts with major corporations. The new facility situated on over 3.5 acres was added in 2006 and includes an indoor basketball court, racquet ball courts, tanning salon, free weight and high intensity interval training area, a large array of cardio and resistance equipment, cycles, a café, and more.

Recent appraisal on real estate at $1,800,000. Current cash flow could easily cover a note on the building and still provide a very healthy return.

Income streams include RMR, annual corporate wellness contracts, and remote food programs. Revenue is strong and still has potential for additional growth from a variety of sources.

Highlights:

23 year history
24169sf state of the art facility
Strong annual revenues from multiple streams
Value add opportunities
Additional parcel and building site
Real estate without business appraised at $1,800,000

Detailed Information

Location:
Gaffney, SC
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
24,169
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Indoor basketball court, racquet ball courts, tanning salon, free weight and high intensity interval training area, a large array of cardio and resistance equipment, cycles, a café, and more.
Competition:
Designated Opportunity Zone provides multiple tax incentives for buyer.
Growth & Expansion:
Additional build-able parcel included in sale.
Support & Training:
Owner will provide transition training.
Reason for Selling:
Retirement
Business Website:
http://buildout.com/website/497548-sale
Contact Seller

Contact the Seller

(from currently available funds)
 
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Chris Springfield

Business Listed By:
Chris Springfield

Sperry Commercial Global Affiliates - Griffin Partners

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Sponsoring Broker:
Mark Griffin

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