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Listing Broker Information
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Keith Munshower
Business Broker Associate & Commercial Realtor
Keith’s knowledge and background in the financial services industry with a specialty in estate planning brings a unique prospect to business owners.
For over fourteen years, Keith has been working with small businesses and family-owned companies to help them develop an exit strategy plan for internal succession or ownership transfer. This unique and innovative “project” approach has helped business owners find the right buyer at the right price and has helped business buyers obtain the right business for them.
Over the years Keith, has developed a strong network of community contacts and business professionals in Central Pennsylvania and beyond that assure that each project is focused on the details, individual attention, competitive fee structures, and marketing that ranges from grass roots to a national presence.
As a local business owner himself, Keith was the founder and Vice President of Premier Wealth Management. As Vice President Keith was invaluable in growing what was a single office into four offices located throughout Central Pennsylvania. After selling his company, he was a direct appointment as a Partner and Director with two different Fortune 500 companies with offices here in the Harrisburg area. From his own experiences, Keith understands the ups, downs and challenges that business owners face every day. Thinking “outside of the box” is Keith’s strongest attribute in achieving success for his clients in today’s changing business environment.
Keith was born and raised in the Harrisburg area and knows how important that is when it comes to serving his clients. Knowing the area and working with so many professionals over his business career has helped Keith understand what it takes to complete a successful transaction.
Keith is a PA licensed real estate sales person with Mid Atlantic Realty Group, LLC. He focuses on commercial sales and leasing, in addition to business brokerage.
He is active in several professional, community and youth organizations. He resides in Dillsburg with his wife and children. Keith has a proven record of success in the work undertaken for his clients and he is ready to put his initiative and creative efforts to work for you with MCA in Cumberland, Dauphin, Perry, Adams and York counties.
email:
keith@mcabizbrokers.com
phone: 717-657-7000 / 717-648-6618
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 Contact Information |
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BusinessesFor Sale
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Listing Information |
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| Franchised Health & Fitness Center |
| Listing ID: 0218 |
Location: Cumberland County |
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Brief:
SOLD & SETTLED 7/27/11: The business is the leader in State-Of-The-Art facilities, professional staffing and absolutely clean and attractive family friendly fitness & health centers. A solid foundation of over 40 years of successful operations has been established. |
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| Listed Price: |
$2,300,000 |
| Total Sales: |
$1,040,000.00 |
| Seller's Discretionary Earnings: |
N/A |
| Fixtures Furniture, & Equipment: |
$675,000.00 (Included in Listing Price)
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| Real Estate: |
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| Inventory: |
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| Financing / Terms: |
The Seller is offering some financing of the total purchase price. Commercial financing is available with a local bank lender under the SBA small business loan program. MCA will assist a buyer with loan proposal development to secure financing at no fee to the buyer. |
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Business Information |
| Year Established: |
2006 |
| Number of Employees: |
40 Full Time / 1 Part Time |
| Days and Hours of Operation: |
Monday thru Friday: 4:30am to 10:00pm Saturday and Sunday: 7:00am to 5:00pm |
| Relocatable: |
No |
| Franchise Information: |
This business is a franchise. |
| Facilities / Location: |
The facility has a large paved parking lot. The space is approximately 29,000 square feet at the rental rate of $4.50 per square foot or $10,875 per month. The lease is through April 2019.
The health & fitness center was built out by the owners using a highly recognized construction firm to complete the facility to specifications. Approximately $1,000,000 was spent to make this a first class facility. The initial purchase of furniture, fixtures and equipment exceeded $575,000.
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Lease Information |
| Lease Expiration Date: |
4/1/2019 |
| Option: |
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| Monthly Rent: |
$10,875.00 |
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| Additional Information |
| Reason for Selling: |
Owner is going to relocate to Florida. |
| Business Description: |
The business is the leader in State-Of-The-Art facilities, professional staffing and absolutely clean and attractive family friendly fitness & health centers. A solid foundation of over 40 years of successful operations has been established. The amenities and features that the business offers its members is a facility with more CARDIO VASCULAR equipment, (approximately 70 pieces), a large cycling room and program and the areas only exclusive WOMAN”S ONLY facility. They also provide first class (Executive type) locker rooms with sauna.
The business offers group classes for everyone – Beginners, Advanced, Seniors and for those that want special attention for their needs – they have Certified Personal Trainers available to work with the folks.
For the family, there is a FREE supervised children’s playroom that is fully equipped to care for and entertain your child. A full Café, Pro Shop, Tanning Salon, Massage Therapy, Nutritional Program and Chiropractic Care are available.
For your security and safety the Gym is equipped with AED Equipment (Automated External Defibrillator) for your peace of mind in an emergency situation. The bottom line is where you and the customer’s experience the benefits of this outstanding business; where health and fitness goals are achieved much as the business goals are being achieved by the current membership.
The business grants privileges for members that travel to utilize their memberships worldwide. The business offers individual, family, group and corporate membership programs. Most (60%+) are paid through EFT (Electronic Funds Transfer) assuring a steady source of revenues and cash flow.
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| Potential for Growth: |
This is an amazing opportunity to grow an already thriving business which enjoys a loyal following, a proven business model established in a market that has only the YMCA as competition. The costs of starting a like sized fitness center will most likely exceed the asking price. The projections on the business indicate an income of or in excess of $700.000 per year. The business forecast has been done by an outside expert in the fitness & health center industry. |
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