Metro Atlanta National Franchise Fitness Center – Killer Location w/2500 Members – Absentee Owners Net’s Up To $20,000 Per Month

by Steven Josovitz

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#1540

Metro Atlanta National Franchise Fitness Center

Great Location.

5700/sf.

Rent $8640 all in.

Ten year lease with option to renew.

Absentee Owner grossed $602,254 in 2015 with $200,000 net profit after paying all expenses and full staff of 8 plus GM salary and Assistant Manager.

2016 sales are about $60,000 per month with Owner pulling out $15,000 to $20,000 per month .

Priced at $1,100,000 plus $2500 transfer fee. Buyer could assume equipment note payments of $5700 per month or approximately $250,000 to reduce payment due at Closing.

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