Retail

Retail

Available

$99,000.00

Listing Number :

 3808

Status :

Expired

Price :

$99000

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Area

1200

Description

As the franchise says: We have helped individuals like you achieve various health and fitness goals by offering top quality dietary and nutritional supplements and services coupled with unparalleled personalized attention all at guaranteed low prices. This franchise resale offers approximately a 1,200 sq.ft. premise rented at  a base rent of $3,724, with NNN/Cam of $4,909. This is a 5 year lease expiring June of 2020 offering one, five year renewal. The seller’s lease deposit is $ 3,300. The reported Gross sales have been averaging around $1,000 per day. For the year ending 2016 =379,K for 2017 =329,K for 2018 = 388,K These are the numbers that seller has provided. The current franchisee says a working owner, knowable about health and fitness overall should be able to net around $60,000 yearly. The store is currently being run owner absentee with 3 x part time employees. #3808

Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased: 2015
Business Type: Vitamins & Supplement
License(s) Required: Business
Hours of Operation: 10.am-8.pm / 7 days a week
Business Relocatable: No
Business Is A Franchise: Yes
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3808
Date Available: 10/30/2019
Reason For Sale: Other interest
Annual Total Revenue: 388000
Annual Net Income: 60000
Inventory: 30000
Monthly Payroll: 4000
Lease Information
Base Rent: 3724/m
Lease Expires: 2020
Lease Option: 1 x 5 years option
NNN: 626/m
 
Financing Information
Down Payment: 99000
Owner Will Carry:
Other Finance Terms:

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