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Asking Price:	$750,000 USD USA Dollars
Business for Sale Industry:	Services: Hair, Nails, Spas, Tanning
Reason for Selling:	Educational pursuits
Year Established:	1999
# of Employees:	5
Yearly Revenues:	$351,203
Yearly EBITDA:	$68,662

Business for Sale Overview:

This large health and fitness center in central Nebraska started in March 1999 as a small weight consultation business. The owner worked from a friend’s chiropractic office to teach people how to gain or lose weight through nutrition and exercise. The business quickly flourished and has grown to a full fitness and health center, with work out machines and weights, aqua massage, a sauna and weight management programs. The knowledgeable staff, variety of workout machines, successful weight management programs and convenient location are responsible for about 90 percent of its customers becoming regulars. The center does little advertising, relying mostly on referrals from satisfied clients. The 3,300-sq-ft building is near a major shopping center in a quickly growing area.

Property Features and Assets:

The business owns the 3,300 sq ft building on a city street, just north of a Wal-Mart Supercenter. The business does not pay rent. Fair market value of rent has been estimated at $1.00 per square foot per month, which equates to approximately $40,000 per year.

Market Competition and Expansion:

Local competition includes a city recreation center, a Weight Watchers, a Curves and a Diet Center. They are set apart by the customers’ ease of using them (they are in a good location), and they have more equipment than the others. Their clients also have great results and have spread word about them.

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.