Investor Partner For Four Southern California Fitness Centers For Sale

Business description

Investor/Partner wanted for 4 National brand name fitness centers for sale in So. Cal. Listing includes two well established centers and two newere centers. Each location is a first class facility and enjoys an exellent reputation in their respective communities. Of the two new locations, one has been open 2 years and is now breaking even and the other 1 year and should break even in 2010. The two established locations did a combined $3,187,215 in sales in 2008 and had a EBITDA of $743,341. Since these two new loctions are still growing, the gross and discretionary earnings figures above are based on the projection. Total package is valued at 4x's 2008 EBITDA for the two established locations + $1,500,000 for the two new locations. Sellers have invested nearly $1,000,000 in each location. Make offer based on percentage of ownership requested.

Property information

Location:

4 locations in Southern California.

Premises details:

All locations outfitted with top line equipment such as Hoist, Startrack, Cybex, and more. Locations are 20,000 sq. ft, 17,500 sq. ft, 15,500 sq. ft. and 8,600 sq. ft. The last gym is in a less populated area and is designed for the area. Its lower overhead including rent and payroll makes the location profitable on smaller sales.

Other information

Expansion potential:

Potential to expand number of sites with investor

Competition / Market:

Name recognition and a great reputation in the local area makes these gyms one of a kind and at the top of the competition list.

Support & training:

All locations have on site manager and full staff including salesforce and contracts with many well qualified trainers. Has in house corporate manager.

Reasons for selling:

Investment Opportunity

Trading hours:

Opened 5 am - 10 pm M - F and 7 -7 on S & S

Furniture / Fixtures value:

$2,000,000 (included in the asking price)