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Franchise Fitness Center for Sale in Johnson County, IA

Listing No: 993597 | Category: Fitness | City: | County: Johnson | State/Prov: Iowa

Photo of 993597

Total Purchase Price:
$99,000


Down:
$15,700


Gross Revenue:
$210,289


Owner Benefit:
$81,708


EBITDA:
$56,708

Business Description

Great opportunity to purchase a well-established Nationally Branded Fitness Franchise in Johnson County, IA. This 8-year old club is located in a high-traffic shopping complex with plentiful parking. The business is well-staffed and 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 the business through marketing and expanding the personal training department. Contact us now to learn more about joining one of the world’s largest fitness franchises!
  • Inventory: $0
  • FF & E: $90,000
  • Leasehold: $0
  • Lease Total/month: $6,958
    • 01) Base Rent/month: $5,368
    • 02) Triple Net/month: $1,590
      • 2a) Maintenance/month: $201
      • 2b) Insurance/month: $65
      • 2c) Property Taxes/month: $1,324
    • 03) Sales Taxes/month: $0
    • 04) Other (etc.)/month: $0
  • Square Footage: 3,904
  • Building Type: N/A
  • Terms & Options: 4 additional terms of 3 years; Expiration Date: 11/30/2020

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