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Asking Price:	$2,200,000 USD USA Dollars
Business for Sale Industry:	Recreation: Sports, Exercise, Gyms
Reason for Selling:	Other business interests
Year Established:	1985
# of Employees:	3 Full Time; 30 Part Time;
Yearly Cash Flow:	$283,560
Yearly Gross Income:	$846,652
Monthly Payroll:	$30,822

Business for Sale Overview:

Great facility (30,654 Square Feet building on a 39,600 Square Feet lot) in an upscale residential neighborhood. Includes indoor swimming pool, basketball court, racket ball courts, exercise & weight rooms, day care room & tanning booths. Also includes large, fully landscaped parking lot (26,244 Square Feet). Cash flow of $283,560 includes a rent payment of $180,000 to owner. Seller is an absentee owner. Loan of $1,650,000 can be assumed by the buyer. Great opportunity to expand the membership with local marketing. Facility is located near the newer residential developments in the community.

Property Features and Assets:

Great location in growing residential area.

Market Competition and Expansion:

Little competition.

Additional Details:

• The property is owned.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for 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.