Summary Description
Brand new LA Fitness opened in 2007 and this juice and
smoothie bar was built out from scratch with all high-end
fixtures furniture and equipment at a purchase price of
$140,000 for all the fees and rights to do business on the
premises. Has 6 years left on lease, with 10 year options
available at $1,250 per month. Ideal for family owned
operation, which is the status currently, so no payroll
costs. Minimal other expenses besides COGS @30% +
Rent, as all utilities are included from within gym confines,
no phone. It's an awe-inspiring gym. Seller comments that
they are not open at all times of the gym, so this is an
incomplete revenue picture. Gym hours are 5 a.m. to 12
a.m. M-F and 8-8 on Sat/Sun. 6% royalties forwarded to
franchisor. Franchise transfer fee TBA, hopefully zero but
will be disclosed upon accepted offer. Broker is not in
possession of UFOC at this time. NDA is required for exact
business address and to schedule an appointment.
General Information
Facilities: Is about a 600 square feet carve out of the
main lobby of a ginormous 4 years new LA Fitness in
Riverside County.
Competition: None, you have a captive audience morning,
noon, and night. Consistent traffic and membership at this
gorgeous high-end gym that attracts higher-net worth
clientele.
Growth and Expansion: Price point was a bit on the high
side, but this Broker tends to be cheap so that's more
hearsay than anything.
Support/Training: 2 weeks, very straight forward
operation.
Reason Selling: Other business interests.
Year Established: 2007
Employees: 0
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