With approximately 1,400 members paying monthly dues, plus income from complementary sales (athletic wear, food, and beverages), special fitness events, and personal training, the Sisters Athletic Club has a multipronged income stream. With annual income remarkably consistent over the past decade (except for two COVID years) the club is a proven income generator. And, there is room for growth. This includes adding additional pay-as-you-go classes, expanding the building to accommodate more uses, and increasing branded goods sales.
The real estate is also an income producer. With the obvious lease income from the SAC, plus rental revenue from the handful of long term and newer tenants, the property is a solid investment. Additional income from the property could come from special events being held that are not wellness industry related and from increasing lease rates over time. The reasonable asking price for the real estate and business was derived from standard investment formulas. More financial information is available upon request.
Ken Streater
Aligned Commercial Real Estate
