Business For Sale Listing 157683
Downtown Philadelphia Fitness Center - 10000sf
Status as of Jan-7-2009 at 05:59 PM: Active
Business Summary
Downtown Philadelphia Fitness Center is available for immediate sale. The club is in its 5th year of operation and has no bank debt. All equipment is free and clear as well. Operating expenses are well below norms and lease terms are excellent (with included utilities) with a very cooperative landlord. Current lease has 5 years remaining with 2-5 year renewable options. Also first right of refusal to develop additional ~5000 sf of contiguous space for expansion.
This upscale 10,000 square foot facility serves primarily professionals working in Center City Pennsylvania. This is a 100% turnkey operation and excellent opportunity for existing as well as new gym owners.
Facility is also licensed for Massage Therapy.
Current owner is getting out of the health club business to continue work on other businesses. Current owner will provide systems and sales training for 2 weeks to assist in transition.
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