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20,000 sq ft Fitness Centre Sale in Markham
Markham, Ontario
Health Care Companies | Recreation & Amusement
Asking Price $529,000 Inventory Not Disclosed 
Revenue $725,000 Real Estate Not Disclosed 
Cash Flow $100,000 Year Established 1989
FF&E $230,000 Employees 30
> Glossary of Financial Terms
Growing Cash Flow and Revenue w Low Expenses

Owner selling due to Terminal medical condition. Established fitness centre over 20 years with over 2,500 members. Cash Flow and Revenue are increasing every year with Revenue over 725,000/year.
Club is in prime retail heart of Markham but is paying industrial rates due to original zoning. 9.5 sq ft vs 25-30 sq ft next door .Lots of parking which is rare for any retail in Markham let alone a fitness centre. Hydro and gas are very low due to building layout. Staff has been at club for over 15 years . Booming area with lots of development. All equipment and furnishing are lease free and paid.
Mgm'nt will stay on to make an easy transition if needed.
Facilities and Assets: 3 year term left on lease with an option to renew another 5. Over 230,000 dollars in equipment, lockers , saunas etc.
1 floor on main level in plaza.
Market and Competition: Good Life , Community Centers - nothing new in last few years due to high rent area and limited parking for a big club.
Growth and Expansion: Expanded two years ago and took over 2,000 sq ft adjacent space next door. May expand in future depending on businesses adjacent to club.
Support/Training: Mgmt will stay on to help transition with new owner if required.
Reason Selling: Terminla illness has reoccured

Business listed by:

AD # 105000
The information in this listing has been provided by the business seller or representative stated above. Kazooga has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Read Kazooga's Terms & Conditions before responding to any ad.
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