Undisclosed Foley, MN 56329

Property Details for 0 Undisclosed

Property type

Commercial real estate

Description

This exceptional opportunity presents the chance to acquire a profitable, independently owned group fitness business with two established locations in the Minnesota area. The business boasts a strong, loyal client base and consistent revenue, generating $409,152 in gross revenue and $96,032 in Seller Discretionary Earnings (SDE) last year. The asking price is $225,000, with attractive seller financing available: $191,250 at a lower interest rate than SBA loans. The sale includes approximately $28,000 in furniture, fixtures, and equipment (FF&E). The seller is relocating and offering four weeks of support and training to ensure a smooth transition. A non-compete agreement is in place for 20 miles for 10 years. Both locations are fully equipped and ready for immediate operation, featuring a diverse range of fitness classes appealing to a wide client base. This turnkey operation includes established staff and operational systems, providing a solid foundation for continued success and growth. The seller's relocation is the reason for the sale, presenting a unique opportunity for a buyer seeking a well-established, profitable business with excellent financing terms. The business caters to various fitness levels, from beginners to experienced athletes. This is a rare opportunity to own a thriving fitness business with significant growth potential.

Location Insight

City

Foley

County

Benton

State

Minnesota

Longitude

-93.912

Latitude

45.6649