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  • Listing No.: 200-00052

  • Category: Fitness

Asking Price $369,900.00
Down Payment
Gross Revenue $291,300.00
Total Adjusted Net Income $128,647.00
Equipment / Fixtures $24,000.00
Year Established 2017
General Location
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This franchised gym concept has been operating for 2 years with a nice profit each year and continuing to grow.   It is a perfect concept for this area with a nice build out and in a great location in Virginia Beach. The franchise territory is huge and can fit additional locations if you desired.  Staff and trainers are in place, and owner can just manage if desired. 

Gross Revenue $291,300.00 Listed Price $369,900.00
Total Income $128,647.00 Down Payment
Base Rent $3,091.00 Square Feet 5300
Total Rent $4,600.00 Lease Expiration 3/2023
Rent Deposit $3,091.00 Lease Options 2
Inventory Not Included Leasehold Improvements $100,000
Equipment / Fixtures $24,000.00 Other Assets Franchise Fee of $30,000
Full-Time Employees 1 Training Period 2 weeks
Part-Time Employees 7 Special License Required
Contract Staff Reason for Selling Other Interest

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.