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National Franchise Fitness Center in Greene County, PA

Listing No: 993404 | Category: Fitness | City: Waynesburg | County: Greene | State/Prov: Pennsylvania

Photo of 993404

Price:
$425,000


Down:
$63,750


Gross Revenue:
$422,357


Owner Benefit:
$277,857


EBITDA:
$212,675

Business Description

Franchise Fitness Center for sale in Greene County, PA. This club has shown significant growth since it was acquired in April, 2016. The first 8 months grossed $230k in revenue with an owner benefit of $94k. Through the first 7 months of 2017, the club’s revenue has jumped to $246k with an owner benefit of $163k. 2017 annual projections continue to trend upwards with expected revenue of $422k and an owner benefit of $269k. Great opportunity for a new owner/operator to step into a well-branded business on the rise. This club has a consistent clientele established with 1,000+ members and growing. It’s located in a high traffic shopping center providing plenty of foot traffic. A generous lease agreement is already in place and all $216K worth of equipment is included in the purchase price. Contact us now to learn more about this great opportunity and join one of the world's largest 24-hour fitness franchises!
  • Inventory: $0
  • FF & E: $216,934
  • Leasehold: $0
  • Lease Total/month: $6,231
    • 01) Base Rent/month: $4,966
    • 02) Triple Net/month: 1,265
      • 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: 4,865
  • Building Type: N/A
  • Terms & Options: One (1) additional five (5) year term; Expiration Date: missing

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