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National Franchise Fitness Center in Greene County, OH

Listing No: 993590 | Category: Fitness | City: | County: Greene | State/Prov: Ohio

Photo of 993590

Business Price:
$320,000


Down:
$48,000


Gross Revenue:
$410,351


Owner Benefit:
$125,450


EBITDA:
$95,450

Business Description

Located in a well-traveled area, this newer fitness center boasts growing revenue with opportunity for a new owner to continue member growth and expand personal training. 2019 results demonstrate continued growth with revenue of $410k, Owner Benefit of $125k, and EBITDA of $95k (annualized based on YTD through September 30). All of the modern strength and cardio equipment is generously included in the purchase price. The seller is confident in the future of this business and is willing to offer a seller’s note to assist with a lender’s required downpayment. Contact us to learn more about joining one of the world’s largest fitness franchises.
  • Inventory: $0
  • FF & E: $200,000
  • Seller Financing Available: $16,000 - 60 MONTHS - 8.00%
  • Lease Total/month: $7,667
    • 01) Base Rent/month: $6,042
    • 02) Triple Net/month: $1,625
      • 2a) Maintenance/month: $0
      • 2b) Insurance/month: $250
      • 2c) Property Taxes/month: $0
    • 03) Sales Taxes/month: $0
    • 04) Other (etc.)/month: $0
  • Square Footage: 6,450
  • Building Type: Shopping Center
  • Terms & Options: 7 years with (2) additional 5 year term options; Expiration Date: 3/1/2025

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