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Available franchises

Franchise Fitness Center for Sale in Oakland County, MI

Listing No: 993711 | Category: Fitness | City: | County: Oakland | State/Prov: Michigan

Photo of 993711

Business Price:
$275,000


Down:
$41,250


Gross Revenue:
$511,224


Owner Benefit:
$135,176


EBITDA:
$105,176

Business Description

Great opportunity to purchase a Nationally Branded Fitness Franchise in Oakland County, MI. This club is located in a high traffic shopping plaza with a generous lease agreement already in place. The club is fully staffed to serve its 900+ 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: $1,000
  • FF & E: $180,000
  • Lease Total/month: $12,456
    • 01) Base Rent/month: $9,494
    • 02) Triple Net/month: $1,146
      • 2a) Maintenance/month: $0
      • 2b) Insurance/month: $193
      • 2c) Property Taxes/month: $1,623
    • 03) Sales Taxes/month: $0
    • 04) Other (etc.)/month: $0
  • Square Footage: 8,000
  • Building Type: Retail Strip Center
  • Terms & Options: option to extend to December 31, 2023 exercised; Expiration Date: 6/1/2019

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