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BUSINESS FOR SALE - PROFILE #  13790003

Excellent Fitness Center for Sale
Riverside County
Asking Price: $285,000   Down Payment: $285,000  
Gross Revenue: $514,000   Adj. Cash Flow*: $120,000  
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Executive Summary
Excellent well established fitness center.  Fully equipped with top of the line equipment.  Full time in house manager.  $120,000 Discretionary earnings for working owner or $85,000 earnings 100% help run.  Strong client base.  Most clients sign up for monthly fees to be automatically drafted from their account.  8500 sq. ft.  Large variety of classes given each week many by independent instructors.  No major competitors near by.  Great reputation.  Price includes over $250,000 in equipment and improvements.

Acquisition Highlights

  • XLNT reputation and name recognition. Direct mail, radio, newspaper.
  • 7 days. 5am - 10 pm M-F. S& S 7-7.
  • In the early years there were a lot of start up expenses and seller went overboard on payroll and some of the other expenses. In the last two years notes have been paid off and expenses have been cut. The result is a well run profitable business. If the buyer has gym experience and is comfortable cutting the manager instead of other help the profit could go up even more.
  • Excellent area. Great location Top of the line equipment including Hoist, Startrack, Cybex and many more well known names. Plenty of room to grow.
  • Strong history. Has withstood the resession well. Business is completing its 5'th year and has averaged over $500,000 gross last 3 years.
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)
Established in: 2007 Inventory:
Employees: 1 FT, 5 PT , 1 Mgrs Furniture, Fixtures & Equipment: $250,000 Included
Lease/Rent: $6,500 Real Estate:
Building Sq Ft: 8500
    Total Assets Included in Sale: $250,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:
Contact:  Steven Benson
Phone:  (714) 375-7175 x 105
Fax:  (714) 375-7180
E-mail:  Steve@vrhb.com 		VR Business Brokers
600 S. Lake Ave, Suite 507
Pasadena, CA 91106
vrhb.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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