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Arkansas Health Club & Fitness Center with $1M+ Annual Revenue

AR

Fitness Center
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Asking Price: $2,400,000

Cash Flow: $602,453

Gross Revenue: $1,407,630

EBITDA: N/A

FF&E: $1,273,250

Inventory: $2,500

Real Estate: $3,100,000*

Established: 2000

*not included in asking price.

Arkansas Health Club & Fitness Center with $1M+ Annual Revenue

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Business Description

This health club facility has been serving its market area since 2000 and has become the leader and most successful facility in the local marketplace. The owner, who has owned the facility since 2007 and has laid the groundwork for expanding the business as evidenced by the growth over the past 3 years, is considering retirement and/or pursuing another investment opportunity. Given its past and current presence, this is a great business for an entrepreneur to earn a significant living or for a larger company to add to its current holdings.

> This health/athletic facility generated over $1,350,000 worth of revenues in 2017 which represents the 5th year since the business turned around.
> There has been a significant increase in the customer base since 2012, which is supported by a committed and dedicated staff.
> The facility includes about 58,000 square feet with four outdoor tennis courts and 2 outdoor pools.
> Most all of the equipment is relatively new and in excellent condition.
> There are tremendous growth opportunities for a buyer who is motivated and willing to market correctly.

An additional opportunity for a new owner to potentially increase cash flow is by refinancing the existing debt. A local lender is willing to make a loan to a qualified buyer to refinance the existing debt, resulting in a decrease of annual debt service of about $180,000. The purchase price does not include the real estate, valued at about $3,100,000, located in the most desirable part of town.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
58,000
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
58,000 sq. ft. facility, available for lease or purchase
Financing:
Third Party Financing may be available for a qualified buyer
Support & Training:
Seller will negotiate a transition period
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Connor Grimes

Business Listed By:
Connor Grimes

CBI+Team

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Sponsoring Broker:
Carl Grimes

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