Modern Health & Fitness Spa in Brazoria County

Not Disclosed, TX
Brazoria County

South


Asking Price: Annual Revenue:
$625,000 $1,015,189

Services: Hair, Nails, Spas, Tanning


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RE: Modern Health & Fitness Spa in Brazoria County Broker: Chris Adkins

Quick Facts

Asking Price: $625,000
Annual Revenue: $1,015,189
Net Profit: Not Disclosed
Cash Flow: $241,041
Total Debt: Not Disclosed
FF&E: $1,113,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 26
BBN Listing #: 870713260
Broker Reference #: 8169

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Business Overview:

This expansive gym has been offering the latest in health and fitness amenities for over ten years. The gym just underwent a 2,300 square foot expansion as well as nearly a quarter of a million dollar remodel of its over 20,000 square foot facility. The club boasts well over 2,000 current members who pay an average of $25 per month as well as a once yearly club fee of $29. The club is well located in a busy shopping mall and just secured a large rent reduction along with a brand new ten year lease agreement. Currently the gym ownership spends around 10 hours weekly running day to day operations with almost no on site work required as the staff consists of 22 full and part time employees that run nearly every aspect of the gym. Please refer to CBB Listing #8169

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Property Features and Assets:

20,300 Square Feet facility in shopping center.

Market Competition and Expansion:

Bring personal training in-house. Create group training classes. Expand pro shop to offer more products.

Reason for Selling:

Owner wants to get into new industry.

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.

Documents:

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