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Listed by:

BTI Group

Broker license number: 02049788

Established Fitness Gym At Rock Bottom Price For Sale

Santa Clara County, California - North
Asking Price:
$325,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$987,532 (USD)
Cash Flow:
$148,787 (USD)

Buy this newer, profitable fitness gym for a fraction of the original $2M+ invested. Start day one with a couple thousand paying members and nearly $1M in annual revenues. Bright, clean, high energy atmosphere. Modern equipment with fresh renovations and paint. Great location in higher income, family friendly neighborhood with favorable demographics. This large gym is over 15,000 sf with cardio, weight machines, free weights, group classes, spin, zumba, yoga, stretch, kickboxing, personalized training, and much much more. Extras include child care, tanning, and nutritional product sales. Easy access to freeways and nearby mall. Highest gym yelp rating in the area. This highly ranked Entrepreneur's Magazine franchisor offers extensive support including ongoing training, CRM, social media, and IT infrastructure. Part time owner is looking for a buyer to take this opportunity to the next level. Other gyms in the franchise have 5000+ members with $2M revenues and $500k net. If you were considering opening or buying a gym, this is a great opportunity to get in at pennies on the dollar. Or, if you like to be a part of the gym scene, this is your chance at very low financial risk. Priced for a quick sale. SDE cash flow based on last available full year tax returns. BTI 10068

Property Information

Real Estate:

Lease

Lease Terms:

No rent increases for term of lease to 2019. Buyer may qualify to assume lease.

Leasehold Rent:

$378,132 (USD) per annum

Location:

Located in shopping center off major boulevard. Close to a indoor mall. Easy freeway access. Favorable demographics in higher income family friendly neighborhood.

Size in square feet:
15,000

Business Operation

Expansion Potential:

Other gyms in the franchise have 5000+ members with $2M revenues and $500k net.

Competition / Market:

Favorable yelp reviews.

Reasons for selling:

Family Medical Issue

Trading hours:

5 to 11 M-F
7 to 7 S-S

Employees:
25
Years established:
5

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

5% royalties. Buyer to pay franchise transfer fee amount: $17,250.

Other Information

Support & training:

2 weeks 20 hrs. per week. Franchise Training off-site.

Furniture / Fixtures value:
$2,000,000 (USD) - included in the asking price
Inventory / Stock value:
$3,000 (USD) - included in the asking price

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