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$675,000

20,000sq.ft Custom Designed State of The Art. Full Service Fitness Center

  • State: Rhode Island
  • Country: United States
  • Listed: May 18, 2014 1:08 pm
  • Expires: This ad has expired

Description

GREAT Location in North East near Atlantic Ocean.

The location and design create  a Resort Setting that captures a mood of escape from the pace  of stress.

Asking Price $675,000

Annual Sales $716,000

Cash Flow $175,000

Excellent location with established history and brand identity.

Active members 1,850

Square feet 20,000

Established 2008

Employees 12

Seller financing is a possibility

Training support available

Minimal competition

Reason for selling consolidation of investments

 

Listing ID: 10005378f70019a16

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A Recommendation of Jim Thomas, President of Fitness Management and Consulting

by Norm Cates, Club Insider Publisher and Tribal Leader Since 1993

Jim Thomas is a talented, experienced, dedicated, determined, and very professional expert in the health, racquet and sportsclub industry. A club industry veteran of over 30 years, Jim has been a Club Insider Contributing Author since March of 2006, when he joined our Club Insider Contributing Author Team. During that time Jim has written and contributed 50 articles which have been published during our 284 months of Club Insider publishing. Jim Thomas is a truly great asset to our publication, and to our wonderful industry, and he can be trusted to deliver great results, over and over, no matter what the challenge.

214-629-7223

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Broker Services

When is it Time to Sell Your Health Club or Gym?

gymsaleMany factors will tell you when it is time:

  • Owner’s “burn out” Owner’s or key employee’s health problems
  • Business relocation or rerouting of expressways
  • Lease expires and you do not want to renew for another term
  • Changing technology Get estate in order
  • Not interested in investing long-term capital
  • Children do not want to enter family business
  • Under-capitalized
  • Largest accounts in financial difficulty
  • Bank unwilling to renew credit lines
  • Supplier problems
  • Staff problems
  • Customer’s habits changing
  • Seeks retirement
  • Wants to cash out and go fishing

Learn More

Whatever the reason, you will need to plan an orderly transition to new ownership with less involvement on your part.

For more info, please call us at 214-629-7223.

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Testimonials

We sold our health club within 4 weeks - Thanks!

Shawn T.