First Class Fitness Center, Real Estate Included
Baldwin
County, Alabama
Financials
Asking: $1,500,000
Included in the Asking Price:
Furniture, Fixtures & Equipment: $300,000
Inventory: $5,000
Real Estate: $1,200,000
Gross: $161,500
Cash Flow: $124,000
Summary
Description
This is a first class Fitness Center offering 24/7 club access with top of the
line equipment. The center offers popular one-on-one training, group fitness
classes and cardio-vascular regimens. Established with 258 active members, the
facility has a complete circuit of exercise and strength machines, treadmills,
climbers, bikes and free weights. The center features the Cybex and Keiser
equipment. Two tanning beds are included. The facility has a well-occupied
racquetball/Wally ball court. There are complete dressing rooms for men and
women with lockers, showers and saunas in each.
Located
near a hospital and many medical offices, the proximity offers the opportunity
to partner for such specialty programs as cardiac rehab and related physical
rehab. Situated just off of a busy highway, the center is a destination for tourists
and fitness buffs. This is a two-story building with 2,500 SF on the 2nd floor
that can be leased out for specialized classes or other purposes. The facility
includes a Health Department approved deli area that is not currently being
used and could bring in additional income. The pro shop sells supplements,
vitamins, clothing, and work out accessories. Revenues and cash flow have been
annualized.
Invest
in this business and live in one of the most desirable areas of the county with
unparallel natural beauty and one of the strongest local economies in the
country. Baldwin County was just ranked by Policom Research as one of the
strongest economies in American and the top economy in the 6-state region. There is no recession here!
The
real estate portion of this investment is represented by Lanier Chew, licensed
real estate broker, and valued at $1.2MM which is included in the sale price.
General
Information
Year Established: 2001
Employees: 1 Full/3 Part
Facilities: 12,500 sq. ft. building; included in sale price
About
the Sale
Financing: Seller will provide partial financing
Support/Training: Seller will provide training
Reason Selling: Lives out of the area
Contact
Information
William Bruce, ABI
(251) 990-5910