Reduced...Fitness Club in Attractive Demographic Area

Parkview, OH (Cuyahoga County)

Seller Financing Available
Reduced...Fitness Club in Attractive Demographic Area
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Asking Price: Get Financing: $300,000

Cash Flow: N/A

Gross Revenue: N/A


FF&E: $450,000

Inventory: N/A

Lease Rate: N/A /SF

Established: 2016

Reduced...Fitness Club in Attractive Demographic Area

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Business Description

This fitness club opened in September of '16. It is in a very desirable residential area in a high income area of Cleveland. The club opened with memberships that exceeded franchisor's projections. The club is located on a major thoroughfare and allows high visibility. The club has captured incredible personal training revenue numbers for a club so recently opened. The owner's mother is extremely ill and requires that the owner move back to South Carolina to provide care. The owner would consider a total buyout or someone who would want to buy into the business. There is virtually no competition. Membership growth should continue with a new owner committed to sales and marketing. A group training program has been implemented and has been well received by the existing members. This is a new club that can be bought at a discount. The lease payments are below market for this area. The club is a win win for an owner/operator.

Detailed Information

Real Estate:
Building SF:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
The fitness club is located in an upscale community in the Cleveland, Ohio area. The club operates out of a 6,000 sq. ft. facility. The equipment and improvements are in like new condition since the club was opened in September 2016.
No real competition in this area. There is a rec center 5 miles away, but it is more of a social setting than workout facility.
Growth & Expansion:
This club being recently opened has experience incredible membership numbers up to this point. The club has very little competition. There is not a 24/7 (card reader access after hours) fitness club in this area. Since the club is in a high income demographic area personal training has the opportunity to generate huge revenue numbers based on the current members.
Seller will consider aggressive owner financing.
Support & Training:
The owner will be available for training for 3 weeks and the corporate franchisor will provide 3 weeks of training.
Reason for Selling:
Owner's mother is extremely ill and needs to move back to S.C.
This business is an established franchise
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Jerry Lucas

Business Listed By:
Jerry Lucas

Lucas Business Brokers

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