Owner Financed Turnkey Health Club Opportunity For Sale

Business description

Owner will completely finance purchase!!!Previous location was a Franchised Ladies Exercise Salon/Fitness Center. Like new space, like new equipment, relatively new retail center in upscale neighborhood with great traffic volume.This location is in an upscale neighborhood with good traffic volume. Former client base was disappointed that this center had closed, and would most likely resume membership with new owner. This was a franchise business with a heavy fee, which caused the previous owner to default. Landlord retained equipment in lieu of personal rent obligation. Franchise is no longer available

Property information

Real Estate:

Lease

Lease terms:

2-5 year option

Leasehold rent:

$14 per sq ft per annum

Location:

1500 sq ft space in busy strip center in a densely populated urban area

Premises details:

1500 sq ft space in busy strip center in a densely populated urban area

Size in square feet:

1,500

Other information

Competition / Market:

There are other similar businesses in the area

Reasons for selling:

Owner pursuing other interests

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Owner will finance completely

Furniture / Fixtures value:

$25,000 (included in the asking price)