Property ID : WSD24.296
For Sale, Lease $398,950.00 - Fitness Center
DESCRIPTION:
- A Beautiful Franchise Fitness Center that offers personal training and a variety of classes and events.
- Established in 2017 by the current owner.
- Located in an affluent suburb East of Rochester, NY.
- 1,820 square foot facility with ample parking.
- It has a healthy member base with recurring monthly revenue
- This location has restrooms, offices and a small retail store areas
- This is an easy to run operation that is fully staffed with convenient hours.
- It is currently open 7 days a week with a total of 54 hours
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):
- Furniture, Fixtures and Equipment at a fair Market Installed Value of $ 30,000
- Inventory at cost of $ 7,000.
LEASE ARRANGEMENTS:
- Base Rent is $ 3,283.58/month plus approximately $ 2,600 in additional Triple Net costs
- The Current Lease expires on June 2027
SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):
- Sales: 2021 – $ 452,333 2020 – $ 420,447 2019 – $ 515,210
- SDE: 2021 – $ 122,271 2020 – $ 123,070 2019 – $ 155,646
PRICE/FINANCING:
- The asking price is $ 398,950 Some Seller financing is available to a well-qualified Buyer
COMMENTS:
- This is a great opportunity for a Personal Trainer, or Sports Enthusiast to own a very reputable and profitable business. A very nice semi-absentee owner opportunity.
- Higher revenues can be obtained by offering more personal training sessions and classes, and longer hours.
- Business can benefit with more local advertising and marketing.
