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National Franchise Fitness Center in Kent County, MI

Listing No: 993804 | Category: Fitness | City: | County: Kent | State/Prov: Michigan

Photo of 993804

Business Price:
$100,000


Down:
$70,000


Gross Revenue:
$173,696


Owner Benefit:
$39,351


EBITDA:
$4,351

Business Description

Established National Franchise Fitness Center located in Kent County, MI. This well-located center provides an opportunity for a new owner to expand membership and grow personal training revenues. All equipment is generously included in the purchase price. The seller is confident in the future of this business and is willing to offer a seller’s note to assist with purchase. Contact us now to learn more about joining one of the world’s largest fitness franchises.
  • Inventory: $0
  • FF & E: $125,000
  • Lease Total/month: $6,815
    • 01) Base Rent/month: $5,001
    • 02) Triple Net/month: $1,814
      • 2a) Maintenance/month: $0
      • 2b) Insurance/month: $0
      • 2c) Property Taxes/month: $0
    • 03) Sales Taxes/month: $0
    • 04) Other (etc.)/month: $0
  • Square Footage: 1520
  • Building Type: Shopping Plaza
  • Terms & Options: Five year term with (1) five year renewal option; Expiration Date: 11/30/2020

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