Business Overview:
This is not a franchise. Outstanding and upscale fitness center designed for women. The business has been established for over 6 years and has an outstanding reputation and steady and loyal clientele. It has a high visibility location located in one of the major shopping centers in Port Orchard. There is virtually no competition and the Seller has done very little marketing or promotion. The current owner works only 25 hours per week and the business really needs a full time owner operator. There are 11 workout stations, 3 tanning beds, and 1 infa-red sauna. The new owner needs to do more promotions, become active in the community, and add retail items such as health based products and work out related items to be sold to the customers. The facility was just remodeled and upgraded 2 years ago and has the most recent equipment. Family reasons force the immediate sale of this established business.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This business has an outstanding location, with high visibility, in one the major shopping centers in Port Orchard. The business occupies 2890 sq ft. It has 11 workout stations, 3 tanning beds, an infa-red sauna, dressing rooms, bathroom, and laundry room. There is room to expand the services. The base rent is $2288 per month plus NNN of $482. The Lease runs till 12/31/2011 and has a 5 year option to extend the term.
Market Competition and Expansion:
There is no competition in the immediate area. This business has been established for over 6 years and has a sterling reputation. The other women's fitness center, about 10 miles away, pales in comparison to this business.The new owner needs to do more promotions, become active in the community, and add retail items such as health based products and work out related items to be sold to the customers. There is room to add an alternative health section to the business, with retail items, literature and books, and consulting. The business could also support a massage therapist. There are many additional add on services that the new owner could bring in that would greatly increase the revenues.
Reason for Selling:
Family reasons
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.