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Franchise Fitness Center in Spencer County, KY

Listing No: 993584 | Category: Fitness | City: | County: Spencer | State/Prov: Kentucky

Photo of 993584

Total Purchase Price:
$480,000


Down:
$304,500


Gross Revenue:
$312,128


Owner Benefit:
$160,746


EBITDA:
$130,746

Business Description

This is a rare opportunity to purchase a Nationally Branded Fitness Franchise! This club is located in a stand-alone building, located in a high traffic area with great visibility from the road. This gym is projected to finish 2018 with a $150k in Owner Benefit. Current gym membership is more than 700 strong and the 12-month attrition rate is well below the franchise and industry averages. There are opportunities to further grow personal training and the membership base with this established, 5-year old club. The club and equipment have been meticulously maintained. All of the high-quality gym equipment is generously included in the sales price.
  • Inventory: $0
  • FF & E: $118,000
  • Leasehold: $0
  • Lease Total/month: $7,491
    • 01) Base Rent/month: $0
    • 02) Triple Net/month: N/A
      • 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: 10,000
  • Building Type: Retail Center w/ one other tenant
  • Terms & Options: Property is owned; Expiration Date: missing

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