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Fitness: $493k net

Las Vegas, NV (Clark County)

client
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Asking Price: $1,450,000

Cash Flow: $493,930

Gross Revenue: $1,775,830

EBITDA: N/A

FF&E: $266,444

Inventory: $5,500*

Rent: $13,766 /Month

Established: 2015

*not included in asking price.

Fitness: $493k net

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Business Description

A well-managed and well-executed business. Outstanding franchise system. 2018 seller provided financials indicate revenues of $1,775,830, adjusted NOI of $493,930. Jan-May 2019 revenues were up 9.96% over same period 2018. Three operating and strategically sited locations in Las Vegas are included in this offering. Two additional undeveloped pre-paid territories available for purchase also. Majority of revenues are collected by automatic EFT from customer's accounts. Low attrition rates. If you like the fitness industry you will be hard-pressed to find a better opportunity.

Detailed Information

Location:
Las Vegas, NV
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
6,000
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Three strategically located locations in the Las Vegas valley. Two additional undeveloped pre-paid territories available separately.
Competition:
Franchise enjoys a great reputation which makes it the dominant player in their space.
Growth & Expansion:
Significant upside by opening additional locations in Las Vegas and other markets.
Support & Training:
Full training by sellers and the franchisor.
Reason for Selling:
capital raise
Franchise:
This business is an established franchise
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(from currently available funds)
 
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Michael Cash

Business Listed By:
Michael Cash

Benchmark Business Advisors

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in The California Association of Business Brokers (CABB).

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