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: $199,000
- Down Payment: $125,000
- 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
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