Interested in Purchasing a Bally Total Fitness Property for Investment?
If you wish to purchase a Bally Total Fitness property for investment, please email firstname.lastname@example.org; We have access to an extensive inventory of NNN lease Bally Total Fitness properties for sale.
Bally Total Fitness – The foremost choice of fitness freaks
Just as the name suggest, Bally Total Fitness is a fitness club in America that owned three gyms under its roof. There were ample Bally Total Fitness property or properties but slowly the chain began selling those off to their rivals and it has hardly anything left to own. The glorious company had a not so happening end as it went defunct in October 2016. It was formerly a public type of company spreading its wings in the fitness industry and covering an enormous portion in both America and Canada but then it curbed under its own weight. Various genres of centers under the fitness category were present in the chain collection of this company but its headquarter was situated in Chicago, Illinois. The company had an interesting history but now that can only be recalled. Presently, it is spread only in three locations.
If Bally Total Fitness investment property is still in your mind and you really want to invest in it, then you will have to pay more and more attention to all the minute details, as a tiny bit can shed light on a grave topic. You will have to go through the year wise chart, to understand the graph of growth. A successive study points out at the loopholes and finds ways to fight against those. A company enjoys its journey in limelight through various ups and down, which are equally necessary to spruce up the nature and behavior of a company.
A random script from a year won’t prove what the condition was rather it is always recommended to go through recorded ratios that will be required. The financial condition of any company is indeed the most noteworthy thing, as in matters of investments, profits, losses, gross amount etc. are at driving seat. Such details are also prescribed alongside for the better judgment of the man.
Currently, the company is delisted from many sites for its doomed destiny, so perfectly crafted details are not available properly. Only, this much can be said that per share the earnings were of 0.304.
It is always good to have a bit idea about the venture you are taking up. Bally Total Fitness real estate was founded in 1983 when the franchise, who made slot machines (Bally) bought a bike manufacturing company, Life-cycle, and Health and Tennis Corporation of America and in 1987 conjured both to become the operator and owner of fitness centers and that too world’s largest!
Only knowing the past and present isn’t necessary. You also need to have a clear notion of the future, so that you are sure about your invest and the return. Some important details regarding that factor i.e. lease are presented here. The price rests between 3M to 7M dollars. The lease term is of 15 to 20 years but can also be extended from 20 to 40 years. Absolute NNN is the type of lease, which increases at the rate of 10% after every five years. The CAP rate ranges between 6.5 – 7.50 %.
Apart from all these, important information is that not franchise but only corporate type of lease guarantee is available.
Along with these, you should also know in which places you would get a chance to invest. Well you will be spoilt with choices as numerous places are there. Arizona, Alaska, California, Connecticut, Florida, Idaho, Georgia, Indiana, Hawaii, Kentucky, Montana, North Carolina, Tennessee, Utah, Texas, Virgin Islands, Wisconsin etc. are to name same.
Well, all these, in short, are the impactful information that you will need, once you decide to invest. Now, make the decision quickly without much ado!
Bally Total Fitness Properties For Sale Across the United States :
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands, Washington, West Virginia, Wisconsin, Wyoming