Well, I wouldn't want that place just one in the same mall as there's space available. So I'd want to start new and put that dump out of business. Also, there is no sink for washing. I don't know how many members go to the gym but since it's right next door I imagine a good percentage go there. The space that I saw open is in the same walkway that starts at L&L's (if you're familiar with the lay out) you can see McDonald's from the empty lease space. Also, I'm sure I could double the membership just by staying open during the posted hours, extending the hours, dropping all expirations dates on sessions paid for, and cutting $10.00 on everything across the board. Oh, and having decent up to date beds that work.
Few Things;
Come up with a catchy name
What is the square footage
Is there plumbing and a restroom or at least able to put one in without any ground work
What kind of TI money is the landlord willing to put up
Who is the landlord (wondering in case i may know someone)
How is the electrical (those beds are going to take some power, is there enough there)
How is the roof
Make sure no leaks
How is the A/C (if it needs a new one the landlord must pay for it)
What is the rent and C.A.M. (N.N.N.?)
Can you see your entrance from the street
What is the frontage width (will determine how big a sign you can have)
What are the current utility comps for the surroundings spaces
FF&E costs
Permits, drawings and design costs
Put together a short and sweet Executive Summary of your business for the landlord so they get an idea of what you have planned. Also, if this space is in the same shopping center will the landlord permit you opening. Sometimes (I know I do it all the time) I make sure in my lease I have no new business's allowed to open in the same center that could be a conflict with my business. If I have a Juice Bar then no business can open that sells smoothies, protein shakes or other items I sell. No supplement shops are allowed either in the center since I will be selling supps from my pro shop. You have to do this to protect yourself So it would be interesting to see if the other place did that.
These are just some of the things you need to find out. And of course how much is the beds going to cost to lease and what kind of up front cost are there and the shipping costs to Hawaii which can kick your ass too.