November 29, 2007 8:49 AM EST
I need an investor who has adequate assets to acquire a recently constructed 30,000 sq. ft warehouse structure. The plan is to open an athletic club. Total costs from 4 to 5 million. This includes buying the property and setting up the club.
The location is near Baltimore. It is the largest commercial development along I-95. Billions have been spent on infrastructure. Strong demographics and solid local economy with low unemployment. We will sub-lease space to complimentary businesses like doctor`s offices, day spa, cafe, etc. This will lower overhead and allow us to draw members from our tenants.
I have 12 years in the fitness business and have operated 4 small clubs.
The Baltimore region ranked first in income growth between 2000 and 2005 among
the nation’s top metropolitan areas, with a 24.1 percent increase.
The Baltimore area’s per capita income of $41,320 in 2005 came in eighth among top metro regions.
Employment growth of 5 percent between 2000 and 2006 places
Baltimore eighth in the nation, well ahead of the 2.9 percent U.S.
Source: Economic Alliance of Greater Baltimore