Established Fitness Center

Wayne County, MI

Seller Financing Available
BiggerListings 517-657-5600
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Asking Price: $55,000

Cash Flow: $18,000

Gross Revenue: $120,000

EBITDA: N/A

FF&E: $40,000

Inventory: $1,500

Rent: $8,707,500 /Month

Established: 2008

Established Fitness Center

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Business Description

This fitness center has been providing 24/7 gym access to members since 2008. Center offers members a variety of services including free weights, cardio equipment, and strength training, with access to personal trainers and nutrition consultants; all equipment included in sale of business. Currently serving 540 members. Owner staffs facility approximately 15 hours a week, providing an area of improvement for new owners. Current owner will to offer financing option along with a training period of one to two months.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,700
Lease Expiration:
10/31/2020
Employees:
0
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Currently leasing 2,700 sf facility to be assigned to new owner
Competition:
Two other competitors in the market
Growth & Expansion:
Room for growth by offering more staffed hours
Support & Training:
Willing to provide 1-2 months of training
Reason for Selling:
Other interests
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(from currently available funds)
 
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BiggerListings™ a Reid Ellis Company

Business Listed By:
Jim Baldwin

BiggerListings™

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