Fitness Club and Wedding Venue

Listed Price: $3,950,000
San Antonio, TX (Comal County)

Listing Details

Gross Income: $1,179,179
Cash Flow:  $517,215
FF&E: $300,000
Inventory: $1,000
Real Estate: $4,800,000
Established: 1996
Employees: 3 full; 8 part

Business Description

Newly built and recently remodeled in a very high growth Texas. If you've ever wanted to own and operate a beautiful Wedding Venue and an Athletic Facility located in one of Texas' most beautiful locations then you can have them both together!!

Detailed Information

Inventory:  Included in asking price
Real Estate: Owned. Included in asking price.
Building SF: 23,415
Facilities: 23,415 sq. ft.+ amenities including 5,000 +-sq. ft. in a new wedding venue. The balance is comprised of one and two story athletic facilities with 4 racquetball courts. 2 courts are used for racquetball and the others for stationary bike exercise classes and yoga/pilates, etc. There are two outdoor tennis courts and a large covered and heated 65,000 gallon swimming pool. Fully equipped weight room with new and modern Cybex exercise equipment.
FF&E:  Included in asking price.
Competition: Little in the area and none with the ammenities located here.
Support & Training: As needed and to be negotiated.
Growth & Expansion: Club has grown from around 50 members at the outset to approximately 350 in the last year. The Proforma is based on 660 members over the next 2 years and the facility will handle up to 950. A new High School and Middle School for 2,500 students was approved in a bond election held on 5-6-17. Wedding Venue is new and is booked on Saturday's through early 2018 and the manager is beginning to book events on Fridays and Sundays. We've included Fridays and Sundays in the proforma. Corporate events could be scheduled during the work week including retreats, receptions, etc.
Reason for Selling:  Owner is a builder/developer not a maintainer.

Contact

Broker Name:  David Sweeten
Broker Email:  david@brokersoftexas.com
Broker Phone:  (210) 697-8760 x202