Fitness Club-1,000 Members-Must Relocate or Acquire RE

North Kingstown, RI (Washington County) (Relocatable)

Fitness Club-1,000 Members-Must Relocate or Acquire RE
Contact Seller

Asking Price: $240,750

Cash Flow: N/A

Gross Revenue: $407,303

EBITDA: N/A

FF&E: $45,000

Inventory: N/A

Real Estate: $2,170,000*

Established: 1979

*not included in asking price.

Fitness Club-1,000 Members-Must Relocate or Acquire RE

Save Print Share Valuation Report

Business Description

Fitness club with forty years of operation. Approximately 1,000 members of which 90% are EFT. Detailed equipment list.

Buyer must either purchase real estate for $2,170,000 via North Star Realty or relocate the fitness business. Very recent third party real estate appraisal supports asking price.

The business is currently unprofitable as structured but a Buyer with a different strategy might be able to achieve better results if they grow the business and also acquire the real estate. This is potentially an interesting margin contribution transaction for a fitness club business in the same market as this club plus the benefits of obtaining the well maintained equipment assets.

Contact us for more detailed information on this business including a detailed equipment list.

Detailed Information

Location:
North Kingstown, RI
Real Estate:
Owned
Not included in asking price
Building SF:
27,439
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Two story 27,439 sf concrete building with seventy parking spaces. Racquetball and basketball courts. Walls between workout areas and courts can be removed.
Competition:
Competitive environment includes similar size, or smaller, fitness companies (regional brands, not large national brands ) and the YMCA.
Growth & Expansion:
Initiated a margin improvement strategy, grow spin, expand yoga, and review pricing strategy.
Support & Training:
Two weeks management transition. May then consult subject to definitive agreement.
Reason for Selling:
Other non competiting business interests.
Contact Seller

Contact the Seller

Contact Seller Loading

Robert Flynn

Business Listed By:
Robert Flynn

United Brokers Group LLC

Show Phone Number

View My Listings

Memberships & Certifications:
Indicates membership in The New England Business Brokers Association (NEBBA).

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1686810 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Diesel Barbershops

Franchise Opportunity
Cash Required: $100,000