Two Well Branded, Successful Fitness Clubs

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Seller:Gary Mackler

Location:Palm Beach County

Listing Num:60028004

Industry:Recreation: Sports, Exercise, Gyms

Asking Price:$290,000

Year Est.:2007

Employees:11

Yearly Revenue:$700,000

Yearly Cash Flow:Not Disclosed

Yearly EBITDA:$NA

Yearly Net Profit:$-165,000

Yearly Gross Income:$NA

Monthly Payroll:$25,000

Total Debt:Not Disclosed

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Reason for Selling:

Owner does not have the financial backing

Overview of the Business:

Two boutique, full service fitness clubs, with a unique brand that sets them apart and gives them a competitive advantage over clubs much larger. Each is the best equipped circuit club in their respective upscale markets. Each has amassed more than 1,500 members and has the very real potential to more than double the current number. This is a great opportunity for the right ownership group with strong financial backing, to grow these businesses well beyond their current state.

Property Features and Assets:

Both clubs are well positioned in upscale shopping centers, with good to excellent visibility and strong drive-by traffic.

Market Competition and Expansion:

Both markets have other clubs varying in size and type as competition.

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