Asking Price: $550,000

Gross Revenue: $879,458

Gross Revenue Comments: 2007

Cash Flow: $161,811

Cash Flow Comments: 2007

FF&E: $250,000 (Included in Asking Price)

Seller Financing: Anticipated to qualify for SBA financing with approximately 20% down.

Since 1996 this health club has been serving the fitness needs in this Oklahoma community with a population of almost 100,000. The business is currently absentee-operated under a very cost-effective and profitable model. New renovations have been made and approximately $215,000 in new equipment has recently been purchased, including a new circuit training room and a new cardio theater. Existing paid-for equipment is worth approximately $250,000. With new state-of-the-art equipment and the fitness industry booming at its highest peak ever, this is an opportunity that can’t be passed up!

Year Established: 1996

Employees: 10 full time -

Facilities: Lease is currently $5,819 for 15,300 square feet in a large shopping center. Options are available through 2015.

Market Outlook and Competition: There are great opportunities to boost memberships with a proactive marketing approach and a hands on owner/operator. Competition is very limited.

Management Training and Support: General Manager will stay on 30 days. Additional time is negotiable.

Reason For Selling: The owner has relocated to another state .