Peter Galgano
South Holland, IL (USA)
Role(s):
Triarii Inc, DBA Experience Fitness-Sports Academy
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Startup
Location:
South Holland
Industry:
Recreation
Year Founded:
2008
Number Employees:
INVALID
Description:
22,000 Sq foot health club, which I have remodeled turning a 3200 sq ft raquet court area into a Sports Academy featuring the most state of the art indoor hitting and pitching area in the area. Previous owner was at 650K in revenues prior to my purchase without adquate use of that space. Current NOI including all rent and loans is approximately 150K. When academy is operational and adequately marketed revenues will go up 40%. Money will be used for working capital as I have already spent 150K on equipment plus remodel. Business Plan with projections available This business was purchased by us in April 08 and remodel will be completed by 7/15/08. Sports Academy will boom in January 09. This business is already profitable as a Fitness Club without the incremental revenues that will b