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For Sale
Club
of the Month
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| Listing ID: |
2474 |
| Club Type: |
RACQUETBALL/ TENNIS CLUB |
| State: |
California
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| Country: |
US
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| Asking Price: |
$399,000 (USD)
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| Headline: |
Tennis Club in
Northern California
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| Description: |
Full service tennis facility 24,000 square feet, with fitness, group-X, outdoor pool, cardio, child care, etc. More than 10 tennis courts. Recently remodeled in 2008. Situated on 5+ acres and located in densely populated suburban area. Very well maintained and cared for operation. Gross revenue forecasted for 2009 is $1.4 million. Membership base is 94% on EFT monlthy billing, with low attrition rate. Dues $120 family, $90 couple and $60 a single. There are 1100 membership accounts and 2500 members. Lots of ancillary income.
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| Market: |
Major metro market with a sea of roof tops. Excellent demographics and barrier-to-entry for a new competitor is very high.
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| Lease or Real Estate: |
Lease only. There is 8.5 years remaining on the lease. Landlord opened to extending lease. Lease rate is $1.11 per foot per month.
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Adj. Net Profit/
Discretionary Cash
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$115,000 ANNUALIZED (Absentee Owner)
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Club Features:
--Aerobics
| --Aquatic Exercise
| --Cardio-Vascular
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--Child Care
| --Fitness Center
| --Free Weights
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--Group Cycling
| --Personal Training
| --Pool-Outdoor
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--Sauna
| --Tennis-Indoor
| --Tennis-Outdoor
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--Variable Resistance
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