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Agent Profile

Agent: Chris Adkins

Main Office: 713-680-1200

Direct Line:

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Listing Profile

Modern Health & Fitness Gym in Brazoria County For Sale - Absentee Owned

Listing #: 8169

South Houston

Listing Profile
Business Classification:
Service Business
Business Purchase Price:
$625,000
Working Capital:
$0
Real Estate Price:
$0
Total Purchase Investment:
$625,000
Down Payment Required:
$625,000
Gross Revenue:
$1,015,189
Discretionary Earnings:
$241,041
Imputed Rent:
$0
Total Cash Flow:
$0
Description and Operations
Business Description:

This expansive gym has been offering the latest in health and fitness amenities for over ten years. The gym just underwent a 2,300 square foot expansion as well as nearly a quarter of a million dollar remodel of its over 20,000 square foot facility. The club boasts well over 2,000 current members who pay an average of $25 per month as well as a once yearly club fee of $29. The club is well located in a busy shopping mall and just secured a large rent reduction along with a brand new ten year lease agreement. Currently the gym ownership spends around 10 hours weekly running day to day operations with almost no on site work required as the staff consists of 22 full and part time employees that run nearly every aspect of the gym.

Business Established Date:
2009
Reason for Sale:
Owner want to enter new industry.
Full Time Employees:
22
Part Time Employees:
4
Facility Type:
20,300sf facility in shopping center
Monthly Rent
$14,000
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