Huge Opportunity To Takeover 2 Brand New Health Clubs

$725,000

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Asking Price:$725,000
Rent:$24,400 /Month
Established:2019

Business Description

Two, large, full service health clubs available for less than the cost of the equipment.
The Colerain location is 27,000 square feet and has been open 10 months.
The Sharonville location is 30,000 square feet and has been open for one month.
Total cost of equipment is over $900k for both locations.
These clubs have the capacity to have over 5,000 members.

All the hard work has been done! All the finish out, lease negotiation, infrastructure, equipment purchasing, computer/billing systems and other myriad of start-up tasks has been done. A new owner can walk into a brand new operating business and just focus on building the membership.

The Owner has two other clubs that are over two hours away in a different city and he just doesn’t have the time or desire to travel to Cincinnati to supervise these clubs.


Detailed Information

Location:
Cincinnati, OH
Real Estate:
Leased
Building SF:
27,000
Employees:
14
Facilities:
Two locations Colerain 27,000 sq. ft. & Sharonville 30,000 sq. ft. Lease for Colerain is $24,400 with rent starting in Jan. Monthly eft draft is at $10k. Lease for Sharonville is $27,000 with rent starting in Feb.
Support & Training:
Yes
Reason for Selling:
Owner is two hours away and does not want to travel.
Listing ID: 5395db4db2eb341a

Map


  •  Cincinnati Ohio