Anytime Fitness Territory and Lease - Great Opportunity

Anytime Fitness Territory and Lease - Great Opportunity
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Capital Req'd: N/A

Anytime Fitness Territory and Lease - Great Opportunity

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Startup Description

Our loss is your gain - Proof of funds is required.

- Goshen/Chester Anytime Fitness territory
- Population 26,000
- Average Income $75,000
- Town approval on the site.
- Demolition of the interior has been completed
- 6,350 square feet – Layout is conducive to the new My Zone program
- Location is visible from town and major highway
- Growing area
- Local government building has been rebuilt and expanded
- Strip Mall is being overhauled and expanded with the addition of a large grocery store (across the street)
- Expanding from 58,000 square feet to 104,600 square feet
- Currently employs 47 individuals and will increase to 238 employees
- Planning to open fall 2020
- New Legoland is being built in the town with additional hotels to accommodate guests (1 mile from site)
- Estimated to employ 1,000 individuals
- Great Wolf Lodge is projected to build an indoor water park in nearby town (7 miles from site)
- 21 year lease with great terms
- 6 years with 3 additional 5-year terms
- First term – 6 years
- $11.50 rent per square foot
- $2.50 comp per square foot
- $14.00 total
- No increase for 6 years
- 2% increase each year for years 7-21
- 6 months buildout with no rent
- 3 months free rent once open
- Lease is easily transferable upon sale
- If building sells, lease moves forward with the new building owner
- 2 months of security deposit exceeding $16,000 has been paid, half of which will be returned to the tenant after initial 6-year term
- Over 9 months of rent has been pre-paid
- Pre-sale location secured in the lease at no cost
- Landlord has the responsibility to maintain the property (ex. Repair or replace roof if necessary, repair or replace blacktop, ect.)
- Construction documents have been completed and are ready for permit
- Cushman and Wakefield have been paid 50% of the fee to assist new owners with buildout
- Invested $155,000 – Looking to recoup investment
- Great opportunity. Won’t last long.

Attached Documents


Detailed Information

Facilities:
Based on projected profit, this business can easily profit $250,000 with a manager and $300,000 if managed by the owner.
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Startup Listed By:
Katherine Schupner

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