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Palm Beach County

  • Listing No.: 109-10407

  • Category: Franchise

Asking Price $199,000
Down Payment $199,000
Gross Revenue $218,898
Total Adjusted Net Income $76,308
Equipment/Fixtures $85,000
Year Established 2010
General Location Palm Beach County
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Profitable franchised health club with unique niche in downtown area. Gym has over 720 members and growing! Most members walk or ride their bike to the gym, and love its friendly atmosphere, upgraded equipment, pleasing decor, amazing location, and the 24/7 access! Fantastic long term lease through 2027 (including option) for just $4200/month (gym is 2800 sq ft). Over $85K worth of equipment (fully paid for) included, as well as $40K in leasehold improvements.  The service, location, and equipment is so outstanding that it has been written up as 'Gym of the Year' in various publications. Owner only works 30-40 hours inside the gym. All members on automatic billing; rates vary based on length of pre-paid membership. Franchisor provides extensive online marketing exposure as well as a great brand name. Please contact Martin Berliant at 561-827-1181 or email for more information. Non-disclosure form is required.

Gross Revenue $218,898 Listed Price $199,000
Total Income $76,308 Down Payment $199,000
Base Rent $0 Square Feet 2800
Total Rent $4,200 Lease Expiration 1/2022
Rent Deposit $0 Lease Options 5 years
Inventory Not Included Leasehold Improvements $40,000
Equipment/ Fixtures $85,000 Other Assets
Full-Time Employees 0 Training Period 30 days
Part-Time Employees 2 Special License Required None
Contract Staff 5 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.

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.