Absentee run business Making $400,K for sell.

This is an owner run Fitness Center that is open 24 hours a day for its members. Members use a key fob to gain entry to the gym. No employees so the expenses are low. Currently they have 361 memberships with a total of 438 members. Membership rates range between $49.95 for individuals, $74.95 for joint memberships and $99.95 for family memberships. The square footage for the building is 2,817 sq ft. They also have a franchise transfer fee of $20,000. They did a rough estimate of equipment which came up to around $100,000. Owner claims that the business gross profit for 2021 was around $140,000 and out of that they netted around $50,000, but prior to COVID the business grossed around $400,000. They have separate women's and men's bathrooms and a back office, but the rest of the space is an open floor plan. Location: Santa Clara County, California Real Estate: Leased Building Sq. Ft.: 2,817 Rent: $8,594.00 Per Month