Established Fitness Center Absentee Owned For Sale

Business description

Since 1996 this health club has been serving the fitness needs in this Oklahoma community with a population of almost 100,000. The business is currently absentee-operated under a very cost-effective and profitable model. New renovations have been made and approximately $215,000 in new equipment has recently been purchased, including a new circuit training room and a new cardio theater. Existing paid-for equipment is worth approximately $250,000. With new state-of-the-art equipment and the fitness industry booming at its highest peak ever, this is an opportunity that can’t be passed up!

Property information

Real Estate:

Lease

Lease terms:

Lease is currently $5,819 for 15,300 square feet in a large shopping center. Options are available through 2015.

Other information

Expansion potential:

There are great opportunities to boost memberships with a proactive marketing approach and a hands on owner/operator.

Competition / Market:

Competition is very limited.

Support & training:

General Manager will stay on 30 days. Additional time is negotiable.

Reasons for selling:

The owner has relocated to another state.

Trading hours:

Monday-Thursday, 24 hours. Fridays 5am-9pm, Saturdays 8am-6pm and Sundays 11am-5pm.

Financing available:

Anticipated to qualify for SBA financing with approximately 20% down.

Furniture / Fixtures value:

$250,000 (included in the asking price)