Athletic Swim Club And Nightclub For Sale

Business description

Immaculately maintained and shows like new! The original owner is retiring after designing, building and now operating the club for more than 10 plus years. The improvements under roof are approximately 26,000 sq.ft. There is also a beautifully landscaped outdoor pool/ lounge area with food & beverage available. The club has a strong community following, with an excellent reputation. Core membership is still in place from the original pre-sale grand opening years ago. Current membership base is 1,600. Also, the staff is very stable, with many employees averaging over five years employment. The club in terms of operation and mechanics, runs like a "Swiss Watch". Very low percentage of paid-in-fulls, high monthly draft, solid contracts, low maintenance, great employees, community support, etc. This is a family oriented facility. In addition to the club, there is a second business attached, owned & operated under a different corporation, that comes with the sale. It's a busy cocktail & night club. Imagine the lifestyle of making all the money owning this club, hanging by the poolside drinking margaritas, then getting cleaned up to go dancing on the weekends in your own full service night club!

Property information

Real Estate:

Real Property Included

Location:

Some might consider the area a secondary market, but roof tops are under construction in every direction. New 10,000 unit housing development being built within a quarter mile from the club as of 1/07. Roof tops, roof tops & more roof tops! Economically sound and pro business government make it an ideal setting. Local economic report and demographics available to qualified buyer.
Support/Training: Seller retiring, but not moving away. Would prefer to stay somewhat acitve possibly as consultant to new owner. This is the orignal owner/ builder of the facility.

Other information

Support & training:

Seller will train buyer for two period.

Reasons for selling:

Seller in his 60's and retiring.

Financing available:

SBA scenario in place, with seller finaning and $310,000 cash down payment.

Furniture / Fixtures value:

$400,000

Inventory / Stock value:

$25,000

Contact the seller