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Palm Beach County

  • Listing No.: 109-10392

  • Category: Fitness

Asking Price $75,000.00
Down Payment $75,000.00
Gross Revenue $141,895.00
Total Adjusted Net Income $76,449.00
Equipment / Fixtures $50,000.00
Year Established 1998
General Location Palm Beach County
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20 Years Established martial arts studio specializing in taekwondo for sale. Owner-Grand Master is retiring. This well known and profitable studio has been teaching students in the same deluxe facility for the past twenty years. Fabulous lease at just $2200/month (buyer can extend lease term if preferred); studio is 2200 square feet and located in busy plaza with outstanding signage. Over $50K spent on build-out and equipment. Owner has had health issues in recent years and as a result sales have been stagnating. With advertising and a new ambitious teacher, student enrollment can be greatly increased (currently the studio has 60 students). Facility set up for any kind of martial arts program. Current classes vary from 5:30-8:30pm weekdays with additional private sessions. Asking price of $75K. 2017 sales of $141,895 and net income of $76,449 does not include any payroll costs as owner is the only paid teacher. Please contact Martin Berliant at 561-827-1181 or email for more information. Non-disclosure form is required.

Gross Revenue $141,895.00 Listed Price $75,000.00
Total Income $76,449.00 Down Payment $75,000.00
Base Rent Square Feet 2200
Total Rent $2,200.00 Lease Expiration 12/2019
Rent Deposit Lease Options
Inventory Not Included Leasehold Improvements
Equipment / Fixtures $50,000.00 Other Assets
Full-Time Employees Training Period two weeks
Part-Time Employees Special License Required none
Contract Staff Reason for Selling retirement

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.

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