Profitable Gym in South Martin County

Business
  • Listing# : 13702
  • Listed Price : $450,000
  • Total Sales : $757,137
  • SIC : 7991
  • Down Payment : $150,000
  • Status : Closed
  • Discretionary Earnings : $127,720

Business Type :

Fitness / Fitness Gym

Business Description :

Reason for Sale: Absentee Owner- Profitable Gym in South Martin County. Established since1988 as a full service fitness center. 3,000 active members. 20,000 sq ft facility. Lease extends to 2026. Monthly rent $13,300. Fully equipped. Experienced staff will stay on with the new owner. Monthly EFT $28k/month. Owner benefit for a working owner $125k+ for 2017. Bank Financing Ok with $150k down. Perfect books & records (16/15/14 Tax returns on file). Owner benefit reflects a full time working owner. All buyers must financially qualify and be approved by the seller before the confidential location is released. May qualify for Visa.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $1,500
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $100,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $55,000
    • Incl : Yes
    • Total Assets $156,500
    • Incl : Yes

Lender Prequalified: Yes

Similar Listing :

Fitness