Murphy Business and Financial Corporation presents

Thriving Membership Based Fitness Facility!

Chesapeake City County, VA (county not disclosed)

Key metrics

Asking price: $75,000

Established: 2012

Gross income: $84,759

Cash flow: $35,224

Franchise: No

EBITDA:

Employees: 3 FT/ 3 PT

Square Feet: 4,200

Home Based: No

FFE: $25,000 (included)

Inventory:

Real estate:

Relocatable: No

Business description

Thriving membership based fitness facility!

Operating 4 Years!
Fully Equipped
Great Location
Turnkey!

Fully Equipped Cross Fit Gym! Established and centrally located in South Eastern Hampton Roads, this successful four-year old Cross Fit gym, with easy access from all major highways and thriving membership base, is located in a growing business park. Turnkey business ready for someone to take it to the next level. The gym is fully stocked with all appropriate Cross Fit equipment. This is not a franchise. Poised for rapid expansion with little owner effort. The property is leased with an option to purchase the unit. And the lease is reasonably priced at $3,822 per month covering 4200 square feet. The current lease runs until the end of 2017, with options to continue. A comprehensive transition plan is incorporated in the purchase with a minimum of 30 days, and for the right buyer the seller will consider some level of seller financing.

Support

Will train for 4 weeks @ no cost.

Reason for selling

Relocation.

Keywords

fitness, fitness center, health club, gym, chesapeake city county, virginia

disclaimer

American Gym Trader has not made any independent investigation, verification or audit of the information contained in this advertisement and makes no representations or warranties, express or implied, regarding the accuracy or completeness of the information contained herein or linked to and assumes no responsibility to its accuracy or completeness. When buying or selling a business American Gym Trader encourages you to seek the advice of a professional business broker. American Gym Trader has no monetary interest in the sale of the business. American Gym Trader does not warrant the Right of Use of any photography, logos or graphics.

Contact Frank Chebalo


Frank Chebalo

Listed by

Frank Chebalo,

Murphy Business and Financial Corporation

757-967-7249

No Spam Please

Do not contact the broker/seller for any reason other than your interest in buying a business!

Frequently Asked Questions

Important terms

  • Gross Income - This is the total gross sales and receipts from line 1 of the tax return. Learn more >>
  • EBITDA – Earning Before Interest Taxes Depreciation and Amortization. This financial term is generally only used with multi-million- dollar businesses.
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  • FFE – This is the estimated value of the Furniture, Fixtures and Equipment.
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  • Inventory – This is the estimated value of the retail products and merchandise.
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  • Cash Flow – Cash Flow is often also called Sellers Discretionary Earnings or Owners Benefit. All debts on a business are normally paid off at closing. Cash flow is the total of net profit, owner’s salary, depreciation, amortization, interest, perks and non-recurring expenses.
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