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Franchise Fitness Center in Indian River County, FL

Listing No: 993277 | Category: Fitness | City: | County: Indian River | State/Prov: Florida

Photo of 993277

Total Purchase Price:
$525,000


Down:
$52,500


Gross Revenue:
$499,914


Owner Benefit:
$155,318


EBITDA:
$125,318

Business Description

This is a great opportunity to purchase a well-established National Franchise Fitness Center located in Indian River County, FL. This club has been in existence for 9 years and has a continuously growing membership base of 1,600+ members. Sales have remained solid year after year. The club’s cardio and strength equipment is new, top quality, Life Fitness and Hammer Strength brands. All equipment is generously included in the purchase price. The seller is confident that a new owner can take this club to the next level and is willing to hold a seller’s note to assist with a bank’s required down payment. After the sale, the seller is willing to offer two months of training. Contact us now to learn more about joining one of the world’s largest fitness franchises!
  • Inventory: $600
  • FF & E: $150,000
  • Leasehold: $0
  • Lease Total/month: $11,567
    • 01) Base Rent/month: $8,225
    • 02) Triple Net/month: $3,342
      • 2a) Maintenance/month: $2,585
      • 2b) Insurance/month: $0
      • 2c) Property Taxes/month: $181
    • 03) Sales Taxes/month: $576
    • 04) Other (etc.)/month: $0
  • Square Footage: 6000
  • Building Type: N/A
  • Terms & Options: 7 years plus Two 5 year renewal option; Expiration Date: 11/30/2024

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