Fitness Center / Commercial Property For Sale
Location:
United States
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Tennessee
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Newport
Industry: Health and Medical > Health Clubs and Spas
Business Summary
You are bidding on nice piece of commercial real estate located on west highway 25/70 in Newport, Tn. This property has the potential for multi-business use due to it's 300+ feet of road frontage. There are currently 2 businesses located on the property. I will sell this property as a whole, with the fitness center business, without the business, the fitness center business only, or will divide to suit. The asking price is for everything, but will negotiate depending on your desire.
The fitness center is housed in a 4,000 sq. ft. insulated metal building. It has all necessary equipment that is up to date, regularly maintained. All equipment is commercial quality with names like Legends, Hammer Strength, Dynabody, True, Vision. Complete with separate cardio room that houses all the treadmills, bicycles, etc. 90% of the equipment is less than 2 years old. The business has been established for almost 3 years and will gross $8-$12,000 per month.
It has 3 restrooms, showers, private office, bar code access, computer inventory system, 3-5 ton gas/electric heat pumps, great lighting, carpeted, and a great atmosphere with 150 regular members.
Behind the fitness center is a chain link fenced lot with a 2 room office with central heat / air. This building is separate from the gym and has its own septic, power and address. The possibilities are endless, but we use it as a towing office/impound. Remote gate access makes life easier; security lights make night entry a breeze. The asking price for everything is $399,000, but as mentioned above, I will divide to suit. Contact for more information on this Fitness Center for sale.
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$120,000
Cash Flow:
$60,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $30,000
Seller Financing: No
About The Business
Year Established: 2004
Number of Employees: 1 - 3
Relocatable: Yes
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Reason For Selling: Carreer change.
Click on the "I'm Interested" button above for more information on this Health and Medical > Health Clubs and Spas business for sale.
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Print Listing Id: 70051582
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