BizEx58-DC: Upscale Women's Gym & PT Biz Sherman Oaks



Background:

General Location:Sherman Oaks, CA
Category:Retail > Gym, Physical Fitness
Years in Business:4
Under Present Owner:1.5
Hours of Operation:7 days/week
Owner Hours:Full Time
Training:4 weeks, 20 hours/week
Organization Type:LLC
Lease Expiration:May 31, 2009
Lease Options:One option of 36 months
Building Size:1,325 sqft
Employees:2 FT; 4 PT

Reason for Sale:
Pursue other opportunities

Financials

Asking Price:$62,500
Down Payment:Negotiable
Gross Sales:$112,432
Discretionary Cash Flow:$22,665
FF&E:$ 20,000
Inventory Included?Yes
Inventory:$ 500
Minimum Operating Capital:$ 9,420
Real Estate Available?No
Real Estate Asking Price:$ 0
Rent:$ 3,127/month
Payroll:$ 1,099/month
Financing:Call

None...None...None...
Gross SalesNone...None...None...
Gross ProfitNone...None...None...
Disc. EarningsNone...None...None...

* YTD as of None..., ** = Prorated.

Broker Info


David Chung
Business Broker
(310) 882-2200 ext 103
LIC#

Summary

For Sale is an upscale women's gym that caters to fitness enthusiast looking for a safe environment with exceptional trainers and quality group activities. The business is located very close to the 405 and 101 fwy in the midst of a vibrant, upscale commercial district. The business is nestled in a commercial district featuring high-rise office buildings with major corporate tenants as well as a vibrant retail community and the Sherman Oaks Galleria. Luxury apartments, condos, and single family residences surround the commercial district.The business generates revenues primarily from membership fees and class enrollment. The business is very close to and has an exceptional relationship with Weight Watchers who regularly refer loyal customers and members. The ideal new owner is someone who understands how to market and promote a service-oriented gym. Interested parties should register as a Buyer online at www.BizEx.net or call David Chung at (310) 882-2200 ext. 103 or Miles Logothetis at (310) 882-2200 ext. 105.


More Details

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DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.