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Available franchises

Franchise Fitness Center for Sale in Lorain County, OH

Listing No: 993665 | Category: Fitness | City: | County: Lorain | State/Prov: Ohio

Photo of 993665

Total Purchase Price:
$360,000


Down:
$36,000


Gross Revenue:
$416,150


Owner Benefit:
$176,498


EBITDA:
$146,498

Business Description

Great opportunity to purchase a Nationally Branded Fitness Franchise in Lorain County, OH. This club is located in a newly-developed shopping plaza with a generous lease agreement already in place. The club is fully staffed to serve its 800+ members and is equipped with top of the line weight training equipment and cardio machines, all of which are included in the purchase price. A new owner will be well positioned for future success with this club. Contact us now to learn more about joining one of the world’s largest fitness franchises!
  • Inventory: $700
  • FF & E: $215,000
  • Leasehold: $380,000
  • Lease Total/month: $8,000
    • 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: 6,500
  • Building Type: Free Standing
  • Terms & Options: (2) 5 year options; Expiration Date: 2/28/2025

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