| Club Type: |
Fitness Club (no racquet or water) |
| Asking Price: |
$11,000,000 |
| Location: |
TEXAS |
| Headline: |
Gross Revenue $6 -7 million 2008
EFT Draft $350,000 per month
$1.2 million in New Equipment
Seller carry-back for qualified buyer |
| Description: |
Excellent opportunity. Monthly EFT draft is $350,000 plus. Solid contracts with less than 5% paid-in-full. No deferred maintenance, broken equipment or building repairs needed. Newest club is less than 6 months new.. Locations are all high end retail with heavy traffic, excellent parking and visibility. The clubs are fully managed and truly turn-key.
Books, records, bank statements and all financial information audited and readily available to "proven" qualified buyers only. This is a very clean deal!
|
| Market: |
This opportunity is a perfect stable platform in a market with tremendous growth. The metro population is 700,000 and booming with roof tops. Additional sites have already been selected for expansion. No major national players for competition.
|
| Lease or Real Estate: |
5 Locations (less than 20 minutes apart) with sizes ranging from 20,000 to 28,000 square feet (no water or racquet). Excellent below market rents on all leases.
|
Adj. Net Profit/
Discretionary Cash: |
EBITDA $2,350,000.00 (Est. 2008)
|
Club Features:
| Aerobics | Free Weights | Dry Sauna | Yoga |
| Cardio-Vascular | Group Cycling | Tanning | Juice Bar (leased space) |
| Child Care | Massage | Variable Resistance | Wi Fi (internet use for members) |
| Fitness Center | Personal Training | Whirlpool/ jaccuzi | |
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