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Greembrier Area

  • Listing No.: 200-00014

  • Category: Fitness

Asking Price $74,900.00
Down Payment
Gross Revenue $152,900.00
Total Adjusted Net Income $52,170.00
Equipment / Fixtures $5,000.00
Year Established 2013
General Location Greembrier Area
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Currently run as semi-absentee with employees and manager in place and SBA pre-approved with as little as 20% down. This gym is growing, with a good location and staff in place to run. Sellers have not been as active in this location as they would have liked, so they feel there is continued upside growth for an active owner. It is a strong franchisor that continues to grow and currently has opportunities for additional locations if wanted. This is a unique niche in the fitness industry with strong competitive advantages, with low overhead, and able to purchase for the cost of setting up a new location but with it already profitable.

Gross Revenue $152,900.00 Listed Price $74,900.00
Total Income $52,170.00 Down Payment
Base Rent $1,801.00 Square Feet 1235
Total Rent $2,300.00 Lease Expiration 3/2023
Rent Deposit Lease Options 1 / 5 year
Inventory $250.00 Leasehold Improvements $10,000
Equipment / Fixtures $5,000.00 Other Assets Franchise fee $30,000
Full-Time Employees 1 Training Period 1 week, plus 1 week at Corp in SC.
Part-Time Employees 2 Special License Required
Contract Staff Reason for Selling Owns 2 other locations, loves the business but wants to focus on the other locations

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.