Business For Sale

Fitness Center- 1 Million + Annual Revenue

Not Disclosed, AR
Garland County


Asking Price: Annual Revenue:
$2,400,000 $1,360,761

Recreation: Gyms, Health & Fitness, Sports


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RE: Fitness Center- 1 Million + Annual Revenue Broker: Connor Grimes
Owner Financing is Available!

Quick Facts

Asking Price: $2,400,000
Annual Revenue: $1,360,761
Net Profit: Not Disclosed
Cash Flow: $607,122
Total Debt: Not Disclosed
FF&E: $1,273,250
Real Estate: $3,100,000
Year Established: 2000
Employees: Not Disclosed
BBN Listing #: 817655125
Broker Reference #: N799-TS

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Business Overview:

This health club facility has been serving its market area since 2000 and has become the leader and most successful facility in the local marketplace. The owner, who has owned the facility since 2007 and has laid the groundwork for expanding the business as evidenced by the growth over the past 3 years, is considering retirement and/or pursuing another investment opportunity. Given its past and current presence, this is a great business for an entrepreneur to earn a significant living or for a larger company to add to its current holdings.

> This health/athletic facility generated over $1,350,000 worth of revenues in 2017 which represents the 5th year since the business turned around.
> There has been a significant increase in the customer base since 2012, which is supported by a committed and dedicated staff.
> The facility includes about 58,000 square feet with four outdoor tennis courts and 2 outdoor pools
> Most all of the equipment is relatively new and in excellent condition.
> There are tremendous growth opportunities for a buyer who is motivated and willing to market correctly.

An additional opportunity for a new owner to potentially increase cash flow is by refinancing the existing debt. A local lender is willing to make a loan to a qualified buyer to refinance the existing debt, resulting in a decrease of annual debt service of about $180,000. The purchase price does not include the real estate, valued at about $3,100,000, located in the most desirable part of town.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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