Athletic & Fitness Club / Property
Location California,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $846652
Net Profit / Cash Flow $283560
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1999
Number of Employees 1 - 3
Inventory $0 of inventory included.
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training 2 weeks at 40 hours per week.
Reason for Sale Other interests.
Description Great facility (30,654 SqFt building on a 39,600 Sq Ft lot) in an upscale residential neighborhood. Also includes large, fully landscaped parking lot (26,244 SqFt). Business has indoor swimming pool, indoor basketball court, racquetball courts, exercise & weight rooms, day care room & tanning booths. They offer dance, yoga and aerobics classes as well as swimming lessons. Cash flow of $283,560 includes a rent payment of $180,000 to owner. Seller is an absentee owner. Loan of $1,650,000 can be assumed by the buyer. Great opportunity to expand the membership with local marketing. Facility is located near the newer residential developments in the community. Contact for more information on this Athletic & Fitness Club for sale.
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