Listing Number: 9075-245999

Description

This well established Academy has been successful year after year for the 11+ years they have been in business. They have over 100 students that are enrolled in either a 1 year or 3 year program. This could be a possible Korean owner (or E-2 Visa candidate) or someone with their own program. If you are a Bruce Lee or Chuck Norris type - you would thrive in this setting! Lease is $3000/mo and new owner can do a lease assumption when it expires in Aug 2021. Over $300K in gross sales equates to just under $200K in SDE. This owner is relocating and this successful business is priced to move quickly!

Listing Details

Price: $279,000

Down Payment: $179,000

Sellers Discretionary Earnings: $198,000

Total Sales: $334,863

Location: Mecklenburg County, North Carolina

Inventory: $0

FF&E: $5,000

Employees: 4

Year Established: 2008

Reason for Selling: Relocation

Category: Fitness