Minnesota Business For Sale

Established 24/7 Franchise Fitness Center

Confidential, MN

Recreation: Sports, Exercise, Gyms

Owner Financing is Available
Seller Financing $55,000 8.0% 10-year amort 37th month Balloon.
Asking Price:
Year Established:
Employees:
Listing Number:
$170,000
2006
3
81227852
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$196,850
Not Disclosed
$58,625
Not Disclosed

Business Overview:

Established-over 440 active members-Franchise fitness center that allows members 24-hours a day, 7 days a week access through a unique key card system to state-of-the-art strength and cardio equipment and other servcies. Equipment lease payments have been completed and Equipment is included in the FF&E. Members of all fitness levels exercise in a safe, clean, secure and modern environment at a time that is convenient to their schedule. Additional services include personal trainers, tanning and tanning products, and private showers and bathroom facilities. A variety of programs, payment options, and special discounts make membership affordable for everyone. Special corporate rates are available for businesses. Members also enjoy access to all other Franchise clubs in the Twin Cities area and nationwide. Cash Flow anticipates Buyer will assume management and sales responsibilies of only FT employee-other two employees are personal trainers.

For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.

Property Features and Assets:

Strength & Cardio Equipment, Security Monitoring System, Tanning Beds, Audio/Visual System, Exterior Signage, Office & Break Room Equipment, Miscellaneous Strength & Cardio Training items, High Efficiency Lighting System, 3,254 sq. ft .leased facility with business specific build-out.

Market Competition and Expansion:

Competition: Excellent location, Competition from other fitness centers. Growth and Expansion: Opportunity to add more active members to this location.

Reason for Selling:

Pursue other business opportunities.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.

Contact the Seller:

To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.

Additional Information

Established 24/7 Franchise Fitness Center
Business Listed By:
Charles Rhea
North American Business Brokers, Inc.
contact the seller
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