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Fast-Growing National Franchise Fitness Center available in Cumberland County, NC

Listing No: 993905 | Category: Fitness | City: | County: Cumberland | State/Prov: North Carolina

Photo of 993905

Business Price:
$900,000


Down:
$135,000


Gross Revenue:
$629,498


Owner Benefit:
$309,353


EBITDA:
$277,353

Business Description

Opened in 2017, this National Franchise Fitness Center has grown quickly and was ranked the #1 performing location in NC in 2018! Boasting revenue growth from both membership and personal training revenue streams, this club is ready for a new owner to take it to the next level. Annualized revenue for 2019 is estimated to be $629k with Owner Benefit of $309k. All of the well maintained strength and cardio 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 a lender’s required downpayment. Contact us now to learn more about this opportunity to join one of the world’s largest fitness franchises.
  • Inventory: $0
  • FF & E: $325,000
  • Seller Financing Available: $45,000 - 60 MONTHS - 8.00%
  • Lease Total/month: $10,250
    • 01) Base Rent/month: $8,273
    • 02) Triple Net/month: $1,527.58
      • 2a) Maintenance/month: $0
      • 2b) Insurance/month: $0
      • 2c) Property Taxes/month: $0
    • 03) Sales Taxes/month: $0
    • 04) Other (etc.)/month: $449
  • Square Footage: 5,234
  • Building Type: Strip Center
  • Terms & Options: Two (5) Year Extension Options; Expiration Date: 6/1/2024

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