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Franchise Fitness Center in Wapello County, IA

Listing No: 993592 | Category: Fitness | City: | County: Wapello | State/Prov: Iowa

Photo of 993592

Total Purchase Price:
$275,000


Down:
$41,300


Gross Revenue:
$210,269


Owner Benefit:
$107,359


EBITDA:
$77,359

Business Description

Great opportunity to purchase a Nationally Branded Fitness Franchise in Wapello County, IA. Located in a shopping plaza with plentiful parking, this business is fully staffed to serve it’s 550+ members. The club is equipped with top of the line weight training equipment and cardio machines, all of which are included in the purchase price. New owner-operator can step in and immediately grow this business through marketing and expanding the personal training departments. Contact us now to learn more about joining one of the world’s largest fitness franchises!
  • Inventory: $0
  • FF & E: $100,000
  • Leasehold: $0
  • Lease Total/month: $4,788
    • 01) Base Rent/month: $3,810
    • 02) Triple Net/month: $419
      • 2a) Maintenance/month: $0
      • 2b) Insurance/month: $71
      • 2c) Property Taxes/month: $459
    • 03) Sales Taxes/month: $0
    • 04) Other (etc.)/month: $0
  • Square Footage: 3,600
  • Building Type: Retail Strip Center
  • Terms & Options: One (6) year option through 03/31/2025; Expiration Date: 3/31/2025

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