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Available franchises

Franchise Fitness Center for Sale in Oakland County, MI

Listing No: 993678 | Category: Fitness | City: | County: Oakland | State/Prov: Michigan

Photo of 993678

Business Price:
$340,000


Down:
$40,000


Gross Revenue:
$328,233


Owner Benefit:
$137,301


EBITDA:
$107,301

Business Description

Great opportunity to purchase a Nationally Branded Fitness Franchise in Oakland County, MI. This club is located in a high traffic shopping center with a generous lease agreement already in place. The club is staffed to serve its 500+ 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. The current owner is confident in the future of this business and is willing to hold a seller note to assist with a lender required down payment. Contact us now to learn more about joining one of the world’s largest fitness franchises!
  • Inventory: $0
  • FF & E: $175,000
  • Seller Financing Available: $34,000 - 60 MONTHS - 8.00%
  • Lease Total/month: $6,619
    • 01) Base Rent/month: $4,786
    • 02) Triple Net/month: $1,089.44
      • 2a) Maintenance/month: $0
      • 2b) Insurance/month: $110
      • 2c) Property Taxes/month: $634
    • 03) Sales Taxes/month: $0
    • 04) Other (etc.)/month: $0
  • Square Footage: 5,470
  • Building Type: Retail shopping center
  • Terms & Options: 10 year option ; Expiration Date: 10/1/2026

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