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Asking Price:	$1,250,000 USD USA Dollars
Business for Sale Industry:	Recreation: Sports, Exercise, Gyms
Reason for Selling:	Owner wants to focus on their other businesses.
Year Established:	2003
# of Employees:	5 Full Time / 5 Part Time
Yearly Revenues:	$798,000
Yearly Cash Flow:	$340,000

Business for Sale Overview:

This full service health club is growing in size, membership and profitability.This club has undergone significant changes in the past year including the influx of a large number of members from the sale and reconstruction of one of this ownership group’s nearby clubs as well as a construction project which will increase the square footage from 4,500 to 7,500 square feet. The service offering at the club is very comprehensive with the following facilities on site: weight room, locker rooms, outdoor pool, outdoor whirlpool, spinning room, aerobics room (over 25 group classes per week), and a smoothie bar.

Property Features and Assets:

Local area is a hotbed area for medical, financial, art, and student populations. Favorable lease with ample parking – a rarity in this area. Price includes $150,000 in current expansion construction costs. Membership base is large and growing monthly.

Market Competition and Expansion:

Minimal competition. Local area is a hotbed area for medical, financial, art, and student populations.

Additional Details:

• The property is leased.
• 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.