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Successful Fitness Franchise Cincinnati, OH

Listing No: 993650 | Category: Fitness | City: Cincinnati | County: | State/Prov: Ohio

Photo of 993650

Total Purchase Price:
$650,000


Down:
$67,000


Gross Revenue:
$508,627


Owner Benefit:
$196,727


EBITDA:
$151,727

Business Description

This highly ranked, well-established, nationally branded franchise fitness center located in Cincinnati is a rare turnkey opportunity that won’t last long. This club is ranked in the top 40 clubs out of several thousand other units within the franchise system and maintains a strong 1,000+ membership base. This facility is fully staffed and equipped with the highest quality fitness equipment. All equipment is generously included in the sales price and a lease agreement is already in place. This business has been lender pre-qualified. The seller is confident that a new owner can take this club to the next level and is willing to hold a seller’s note to assist with a bank’s required down payment. Contact us now to learn more about joining one of the world’s largest fitness franchises!
  • Inventory: $0
  • FF & E: $95,000
  • Leasehold: $0
  • Lease Total/month: $8,966
    • 01) Base Rent/month: $6,432
    • 02) Triple Net/month: $2,535
      • 2a) Maintenance/month: $0
      • 2b) Insurance/month: $200
      • 2c) Property Taxes/month: $0
    • 03) Sales Taxes/month: $0
    • 04) Other (etc.)/month: $0
  • Square Footage: 3800
  • Building Type: Retail Center
  • Terms & Options: N/A; Expiration Date: 3/31/2019

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