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Fitness Center With Commercial Property In Dubai
Location: United Arab Emirates -> Dubai
Industry: Health and Medical > Health Clubs and Spas

Business Summary

V Fitness is a business developed from a small gym opened in 2008 in a rented space and transformed into a state of the art Fitness Centre relocated and completely renewed,
in a commercial space I own (freehold). The relocation happened in January 2015. The business was the first fitness centre of the area and it always was and still is quoted as the best Fitness Centre in the area. The reason selling is retirement and intention to leave UAE.
The price is neg. AED 5.500.000 (1 USD = 3.67 AED) all inclusive.

Building Name: Dubai International City, Spain Cluster, bldg.Prime Residence 2
Position: Very good commercial location with front view in main round-about; Groundfloor of highly quoted building
Ownership status: freehold
Size- 626 sq.m / 6738 sq.foot
Number of Parkings: 6
Number of shops: 3
Expansion Option Available
Location: Dubai International City, Spain Cluster, in strategic round about.
No of staff: 5 full time + 3 part time
3 different Licenses are available

Here are some of the highlights of the club:
a.) State of the art equipment (Life Fitness, Technogym, Hummer strength,
Sport art, Precor, Cybex).
b.) Multifunctional studio (Martial Arts, CrossFit, Circuit
Training, other Group Classes) able to be close periodically and function
as Ladies Only Gym.
c.) Bouldering ( indoor climbing wall) with 3 different angles and up to 7 routes.
d.) Portable Simulated Altitude for one treadmill, able to reach 12 % oxygen, simulating 3500m altitude.
e.) Supliments Trading Area, with plenty of space to accommodate a big variety of items for sale.
f.) 1 new company car (Kia Picanto)


Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $47,000
Cash Flow:   $270,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $180,000
Seller Financing:  Yes

About The Business

Year Established:  2015
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Reason For Selling:  Repatriation

Print Listing Id: 700349232
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