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Trending, Hip & Fun Fitness Gym - 2 Locations!

Houston, TX (Harris County)

Trending, Hip & Fun Fitness Gym - 2 Locations!
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Asking Price: $1,400,000

Cash Flow: $384,000

Gross Revenue: $1,400,000

EBITDA: N/A

FF&E: $155,000

Inventory: $13,000*

Rent: $9,259 /Month

Established: 2017

*not included in asking price.

Trending, Hip & Fun Fitness Gym - 2 Locations!

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Business Description

Want to own a successful business and also get the satisfaction of helping people become healthier and more fit? These ready to operate fitness centers are perfect for an absentee owner. Two young locations in the Houston area are fully staffed and have established, growing membership. Aggressive membership strategies, excellent ratings and great reputation, the owners have already set themselves apart, receiving nation-wide recognition for their success from the franchise. Combined locations producing cash flow in excess of $30k/mo and growing. Perfect for investor looking to get into cash positive, growing business without waiting the 10-15 mos. to invest, build out and attract initial members.

Detailed Information

Location:
Houston, TX
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
6,083
Lease Expiration:
N/A
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in upscale shopping center; excellent locations, quality space, great landlord relations. Data for combined locations. Leases expire in 2022 and 2023 with extension options Listing price based on being ready for continued growth, and average results of locations per the franchise, which the sellers have already been recognized for exceeding. Pro-forma figures are expectations for full year results July 2018 - June 2019.
Growth & Expansion:
Excellent. Membership growing monthly. 2 locations. Seller willing to do 20% seller financing for the right buyer. A buyer who understands this industry will know that now is the time to enter the industry to take advantage of 1Q2019 growth potential.
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(from currently available funds)
 
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Bobbi Coffey

Business Listed By:
Bobbi Coffey

Transworld Business Advisors

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Sponsoring Broker:
Gerald G. Brisson, CBI, M&AMI, CMAP

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