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Health Club For Sale - Salt Lake City, Utah, UT |
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| Status: |
Off The Market |
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| State: |
Utah |
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| Location: |
Salt Lake Count |
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| County: |
Salt Lake |
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| City: |
Salt Lake City |
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| Primary Category: |
Service Related |
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| Alternate Category: |
None Given |
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| Asking Price: |
$250,000 |
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| Down Payment: |
$250,000 |
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| Annual Revenue: |
$813,972 |
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| Annual Adjusted Net: |
$89,714 |
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| Price Range: |
$100,001-$250,000 |
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| Franchise: |
No |
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| Relocatable: |
No |
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| Home Based: |
No |
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| Lifestyle: |
No |
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| Real Estate Included: |
No |
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| Bkr To Bkr Cooperation: |
No |
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DESCRIPTION: Offered At 25% Ownership For $250,000. Cashflow Reflects Splitting 25% Of The Profits And Taking Over The Manager's Position.
Would Consider Partnering With A Doctor, Physical Therapist Nutritionist, Etc. And Offering Office Space For Their Practice Within And Shared Receptionist. Collect 100% On Your Practice And Also Collect The %split Of All The Profits From The Club. Owner Would Also Consider 10% Ownership For $100,000. If You Like The "Go Green" This Would Definitely Be The Business To Look At.
Growth Potential Has Not Been Tapped-
According To The American Sports Data Households With Income Ranges Of $50K-$75K Join Health Clubs At 13.3% And Households With Income Over $75K+ Join At A Rate Of 21%. This Research Also Found That 87% Of The Members Will Come With-In A 12 Minute Drive Time. Demographically Of The 200 Census There Are Over 111,000 Residents Within An 8 Minute Drive 21.2% Maintain Income Between $50K-$74K And 31% Maintain Income Level Of $75K+. Compiling This Information, The Club Has A Market Share Of Greater Than 10,000 Potential Members.
Only Have 1,300 Dedicated Members With Little/No Advertising.
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