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Listing Broker Information
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Chuck L. Cenkner, CBI
Senior Business Brokers Associate
Since May of 1985, Chuck has served Mark Charles Associates as the sole Principal, President and CEO of the firm with unparalleled integrity. On September 15, 2005, Central Penn Business Brokers, LLC, acquired MCA from Mr. Cenkner. Chuck remains committed to the business community in South Central Pennsylvania, in his new role as Senior Broker Associate. Chuck returns to his roots in the Business Brokerage industry by representing Sellers which he has done as an agency owner for over 20 years.
Chuck took early retirement from Ingersoll-Rand after 23 years to start on his entrepreneurial journey here in Central Pennsylvania. He left behind a very successful career in marketing, sales and corporate management to launch his own business endeavor in the world of mergers and acquisitions – but on the Main Street America level to be closer to the entrepreneurial small business owner and buyer. He established Mark Charles Associates, Inc. in 1985.
Chuck maintains memberships in the International Business Brokers Association (IBBA) and holds the designation of CBI (Certified Business Intermediary), the Institute of Business Appraisers (IBA) and the Pennsylvania Business Brokers Association (PBBA) and served as the PBBA’s Vice President.
Chuck served on the Board of Directors of the Capital Region Chamber of Commerce, the Board of Directors and Treasurer for the Capital Region Economic Development Corporation and is a member of PA State Chamber of Commerce. He is a past Chair of the Entrepreneurial Development Center of the Capital Region. In addition, Chuck is an active Rotarian and has served in many capacities since joining in 1981. He and his wife, Marilyn, reside in the Shipoke area of Harrisburg.
email:
clc@mcabizbrokers.com
phone: 717-657-7000 / 717-439-1212
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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: 1219 |
Location: Franklin County |
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Brief:
NEW PRICE AS OF 6-24-10: $2,300,000. 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: |
$424,000.00 |
| Seller's Discretionary Earnings: |
N/A |
| Fixtures Furniture, & Equipment: |
$500,000.00 (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: |
0 |
| Number of Employees: |
8 Full Time / 32 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 mall parking lot. The space is approximately 20,000 square feet at the rental rate of $4.12 per square foot or $6,867 per month. The lease is through August 2017, with a renewal option of five additional years.
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 $500,000.
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Lease Information |
| Lease Expiration Date: |
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| Option: |
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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 $340.000 per year. The business forecast has been done by an outside expert in the fitness & health center industry. |
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