Racquet, Swim and Fitness Club

Oxford, MS (Lafayette County)

Tennis and Dinner
Contact Seller

Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $1,330,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 2014

Racquet, Swim and Fitness Club

Save Print Share Valuation Report

Business Description

Multi-Purpose Club near “Ole Miss” – OPPORTUNITY ZONE

Located less than five miles from the University of Mississippi (“Ole Miss”), bordering a beautiful 550 home development, and within an Opportunity Zone with substantial potential tax benefits. Built in 2014, the Goose Creek Club (the "Club") enjoys a great reputation and local support with an active membership base. The Club has excellent staff and the current General Manager/Owner has agreed to stay on for a transitional period. Substantial revenue enhancement opportunities exist.
The Club’s 480+ members enjoy seven pristine clay courts that are some of the best in the country. Three new pickleball courts have been recently installed to compliment the other Club offerings. The Club has a full-size Olympic style swimming pool that includes zero depth entry access and a baby pool. The Club’s staff includes a seasoned tennis professional who oversees all the racket programs and a fitness trainer who oversees the state-of-the-art fitness center. Spin, piYo, yoga, pilates, bootcamp and other programs are available to members.
The Club site is approximately 9.82 acres in size. 2.93 acres of this are subject to a ground lease but can be purchased by the Club at any time during the lease period, which expires in 2021. Thus, the majority of the site is owned in fee simple, with a small portion involving a leasehold estate.
The charming clubhouse is located on the western side of the site. It contains approximately 8,721 square feet of gross building area, along with an additional 2,572 square feet of covered porches. The interior layout of the clubhouse includes a vaulted lobby area, leading into a large corridor running the length of the building. West of this corridor is a child care room, aerobics room, spin room, a vaulted gym area, and a fitness office. To the east of the corridor is a pro shop and pro shop office, massage room, men’s and women’s locker rooms, both with showers and lockers, along with a steam room in the men’s locker room and steam shower in the woman’s, a kitchen, and a restaurant/bar area.
The clubhouse has extensive porches along its east and north wall. This includes a large octagon shaped porch off the restaurant/bar area creating a covered terrace for dining overlooking the pool and tennis courts. There is also a porch running the length of the east wall and a portion of the north wall, as well as a porch over the front entrance. All the porches have wood ceilings and ceiling fans.
The Club is located along the north side of CR 162, aka Anderson Road, and slightly farther north of US Route 278 in Lafayette County, Mississippi. This location is less than 5 miles from the vibrant University of Mississippi campus.
This is an excellent opportunity to partner with, invest in, or acquire an established athletic/tennis club with a loyal membership base and dedicated and professional staff.

Detailed Information

Real Estate:
Owned
Building SF:
8,721
Employees:
8
Facilities:
The Club’s members enjoy seven pristine clay courts that are some of the best in the country. Three new pickleball courts have been recently installed to compliment the other Club offerings. The Club has a full-size Olympic style swimming pool that includes zero depth entry access and a baby pool. The charming clubhouse is located on the western side of the site. It contains approximately 8,721 square feet of gross building area, along with an additional 2,572 square feet of covered porches. The interior layout of the clubhouse includes a vaulted lobby area, leading into a large corridor running the length of the building. West of this corridor is a child care room, aerobics room, spin room, a vaulted gym area, and a fitness office. To the east of the corridor is a pro shop and pro shop office, massage room, men’s and women’s locker rooms, both with showers and lockers, along with a steam room in the men’s locker room and steam shower in the woman’s, a kitchen, and a restaurant/bar area. The clubhouse has extensive porches along its east and north wall. This includes a large octagon shaped porch off the restaurant/bar area creating a covered terrace for dining overlooking the pool and tennis courts. There is also a porch running the length of the east wall and a portion of the north wall, as well as a porch over the front entrance. All the porches have wood ceilings and ceiling fans.
Growth & Expansion:
Substantial revenue enhancement opportunities exist. The Club borders a beautiful 550 home development, and within an Opportunity Zone with substantial potential tax benefits.
Financing:
2.93 acres of property is leased.
Support & Training:
The Club has excellent staff and the current General Manager/Owner has agreed to stay on for a transitional period. Substantial revenue enhancement opportunities exist.
Reason for Selling:
Financial
Business Website:
http://www.goosecreekclub.com/
Contact Seller

Contact the Seller

Contact Seller Loading

Ken Mann

Business Listed By:
Debbie Beall

Equity Partners, Inc.

Show Phone Number

View My Listings

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1611607 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


Tapout Fitness

Franchise Opportunity In MS
Capital Required: $93,800