Swim Club, School, & Gym

www.GlobalBX.com

Listing ID: 700273431

Listing Title: Swim Club, School, & Gym

Quick Link: http://www.globalbx.com/listing.asp?bId=273431

Industry: Educational

Industry Segment: Other Educational

Country: United States

State / Province: California

Area Northern California - Bay Area

City:

Asking Price Range: $1.0M - $2.5M

Gross Revenues: Seller Will Provide

Cash Flow: Seller Will Provide

Cash Flow Type: EBITDA

Year Established: 1997

Number of Employees: 6 - 9

Business Description:
This business has it all!-A profitable swim school/health club/gym, a well-established client base with a long-term excellent reputation, commercial real estate, and residential rental real estate. With indoor and outdoor recreation spaces-pool, gym, sauna, hot tub, parcourse, track, picnic grounds, tennis court-it makes an ideal venue for private parties and corporate events. It's great for an owner-operator, a semi-absentee owner, a real estate investor, an existing business that wants to expand. And, it may be possible re-purpose it to be assisted living facilities, or an idyllic family compound, or whatever a new owner could imagine. The business currently grosses about $200,000 per year; but, it has the capacity for at least triple that revenue (if not more) with new active management and renewed marketing. The fixtures and equipment include all the treadmills, weights, exercise machines, etc. The real property assets include a ''school size'' outdoor swimming pool; a single-story gym building with multiple exercise rooms, sauna, hot tub, men's and women's lockers and showers; off-street parking; a commercial rental building; a residential rental house; and, the current owners' residence (with attached 1-bedroom apartment) that could both be rented as well. It all sits on approximately one acre in a residential area, but zoned for its existing use. The entire package-business + real estate-is being offered for $1,095,000. While the sellers are looking for the buyer to bring cash and/or third-party financing to the deal, some short-term seller financing may be available for a qualified buyer. The included real estate would be excellent collateral for third-party financing-SBA or conventional. A prospective buyer who is interested in just the business or on interested in just the real estate should inquire anyway.



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