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Fitness Center

  • Status: Available
  • Price: $159,900

Matthew Mejasich

License No:
DRE #02070217
Email:
matthew@lbaweb.com
Office:
925-361-5429
Mobile:
925-932-2450
  • Listing No: 4121
  • Status: Available
  • Area: Los Angeles
  • Price: $159,900

Description

This is an owner run Fitness Center that is open 24 hours a day for its members. Members use a key fob to gain entry to the gym. No employees so the expenses are low. Currently they have 361 memberships with a total of 438 members. Membership rates range between $49.95 for individuals, $74.95 for joint memberships and $99.95 for family memberships. The square footage for the building is 2,817 sq ft. They also have a franchise transfer fee of $20,000. They did a rough estimate of equipment which came up to around $100,000. Owner claims that the business gross profit for 2021 was around $140,000 and out of that they netted around $50,000, but prior to COVID the business grossed around $400,000. They have separate women’s and men’s bathrooms and a back office, but the rest of the space is an open floor plan.

Business Information

Ownership Type: Corporation
Year Established:
Year Purchased:
Business Type: Fitness Center
License(s) Required: Business
Hours of Operation: 24 hours
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 4121
Date Available: 04/13/2022
Reason For Sale: Other Interest

Financial Information

Annual Total:
400,000 before Covid
Revenue:
Annual Net Income:
Inventory:
Monthly Payroll:

Lease Information

Base Rent:
8,594/m
Lease Expires:
Lease Option:
NNN:
included

Financing Information

Down Payment:
Owner Will Carry:
Other Finance:
Terms:

Contact Us

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