Current gym owner, building a new fitness center in the East Tempe Arizona area, catering to youth and teen athletics, general fitness, competitive powerlifting and bodybuilding. The population density in our target market is 1.2 million within a 10 mile radius. This gives us 240,000 potential gym members based upon current data. We will offer general fitness with cardio, a booty zone for the ladies, strength equipment, and personal training. In our athletic area we will train youth and teen athletes to excel in their particular sports. We will have top ranked powerlifting coaches with sanctioned powerlifting and strongman events. I have built a successful gym in WA state with a minimal population and greater competition. We currently host 5-6 major events per year. This business is debt free in 4 years and is being sold, owner financed, for $500,000. We expect to purchase our own building for the new location within 5 years and pay off the original loan in 5 years as well. The funds we require will be used towards new equipment purchase, renovations, working capital as well as marketing. We have approximately $50,000 in owned equipment to be added as well.
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