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Profitable Fitness Franchise In Suffolk City County, VA

Listing No: 993573 | Category: Fitness | City: | County: Suffolk City | State/Prov: Virginia

Photo of 993573

Total Purchase Price:
$449,000


Down:
$55,000


Gross Revenue:
$499,418


Owner Benefit:
$215,596


EBITDA:
$180,596

Business Description

This profitable and well-established nationally branded fitness franchise is a great turnkey opportunity for a new owner. This 8-year-old club is fully staffed and has a solid base of nearly 1,000 members. A new owner can further drive profits by implementing the existing new franchise personal training programs and establish corporate relationships to drive new members. All of the top-quality fitness equipment is meticulously maintained and generously included in the sales price. Contact us today to learn how you can join this successful franchise and own your own gym!
  • Inventory: $0
  • FF & E: $125,000
  • Leasehold: $0
  • Lease Total/month: $14,132
    • 01) Base Rent/month: $10,866
    • 02) Triple Net/month: 3,266
      • 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: 5,850
  • Building Type: Retail Center
  • Terms & Options: N/A; Expiration Date: 2/28/2022

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