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Full details for Other For Sale in Sioux City, Iowa

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Description

The sale includes the Real Estate st 1600 7th St. The 16,060 sq ft Parking lot.All the memberships and equipment in all 4 locations. 2600 Pierce St, 4240 Hickory Ln and 610 Freedom Dr. North Sioux City locations are leased. Leases can transfer with the sale. Company overview + The Target Opportunity is a full-service health club offering amenities in tennis, basketball, racquetball, track, swim, and fitness, for all ages. The Club has extensive brand recognition in the region and is the areau2019s u2018go tou2019 for family recreation and fitness. The Club provides a historically consistent cash flow with multiple revenue streams. + Purchase opportunity includes 82,000 SF of indoor space on 4.29 acres of Real Estate, no deferred maintenance, and excellent collateral value. + Strong post covid numbers + Strong management team is in place, with an average of 85 full and part time employees that service all four locations. Connected Member Base through Unique Offerings and Amenities Amenities offered such as Basketball, track, swimming, Personal Training, Full fitness Center, fitness classes, bicycling, Tennis, Racquetball, Pickle Ball, Child Care and so much more than a typical gym. Detailed Information: + Inventory is included in asking price + Real Estate is Owned and included in asking price (mid town location) + Building Sq ft: 82,000 Sq Ft + Employees: 85 full and part time including management teams + Facilities: All FF&E to be included in the space + Great option for a 1031 exchange + Support staff would like to remain in place Seller will do up to a 1,000,000 carry back for 10 years.. Back to listing