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Franchise Fitness Center For Sale in Wabash, IN

Listing No: 993472 | Category: Fitness | City: Wabash | County: Wabash | State/Prov: Indiana

Photo of 993472

Total Purchase Price:
$275,000


Down:
$41,250


Gross Revenue:
$258,958


Owner Benefit:
$130,949


EBITDA:
$94,949

Business Description

Avoid the usual start up fees and purchase this turnkey, 24-hour, Nationally Branded Fitness Center located in Wabash, IN. This club is beginning its third year of operation and has huge growth potential. It is the only 24-hour fitness center within a 10-mile radius. This club is fully staffed with 7200 sq. ft. of space, including a multi-purpose room, and generous lease agreement already in place. It is equipped with the highest quality equipment and all 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: $500
  • FF & E: $130,000
  • Leasehold: $0
  • Lease Total/month: $4,823
    • 01) Base Rent/month: $3,600
    • 02) Triple Net/month: $1,223
      • 2a) Maintenance/month: $335
      • 2b) Insurance/month: $68
      • 2c) Property Taxes/month: $820
    • 03) Sales Taxes/month: $0
    • 04) Other (etc.)/month: $0
  • Square Footage: 7200
  • Building Type: Concrete
  • Terms & Options: Three 5 year renewal options; Expiration Date: 2/28/2021

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