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$260,000

SOLD ** Be the OWNER of your very own gym! $110,000 cash flow profit NOW. Perfect for first-time owner

  • State: New York
  • Country: United States
  • Listed: January 1, 2018 8:20 pm
  • Expires: 73 days, 17 hours

Description

SOLD
Be the OWNER of your very own gym! $110,000 cash flow profit NOW. Perfect for first-time owner, with 2 profit sources, easy to operate. No debt, low rent, low total overhead, EFT recurring revenue $20,000 mo.

Gym fully stocked with top of the line, name-brand equipment: Life Fitness, Hammer Strength

Also includes a full line of Cardio, small training room for classes

Clean and unique fitness facility that includes a full suite of top-of-the line Hammer Strength and Life Fitness equipment, as well as a full line of cardio (treadmills, arc trainers, etc.); also a group training room where spin and yoga classes are held. Located on an intersection with great traffic, great demographics and extensive residential neighborhoods surrounding. Currently under lease with 2 years remaining, option to renew for 1 additional five-year term. Significant growth and consistent clientele since opening – no competition nearby. Open 24/7, which is a significant draw for local members.

Asking Price:  $260k

Annual Sales:  $329k

Cash Flow:  $110k

Business Location:  Upstate NY

Business State:  New York

Number of Active Members:  800 and growing steadily

Facility Square Feet:  7000 sq ft

Year Established:  2014

How Many Employees:  3

 

Seller Financing Available:  For credit-worthy purchasers only

About the Competition:  Only 1 fitness facility in nearby vicinity but highly specialized – targets group training, not a pure open gym concept.

Growth Expansion:  Significant opportunity for growth expansion, particularly with personal training and classes

Support Training:  Will train as long as necessary for purchaser to feel comfortable running the business and employees independently

Reason For Selling:  Plans to move out of state

Listing ID: 3995a2750a8d8668

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A Recommendation of Jim Thomas, President of Fitness Management and Consulting

by Norm Cates, Club Insider Publisher and Tribal Leader Since 1993

Jim Thomas is a talented, experienced, dedicated, determined, and very professional expert in the health, racquet and sportsclub industry. A club industry veteran of over 30 years, Jim has been a Club Insider Contributing Author since March of 2006, when he joined our Club Insider Contributing Author Team. During that time Jim has written and contributed 50 articles which have been published during our 284 months of Club Insider publishing. Jim Thomas is a truly great asset to our publication, and to our wonderful industry, and he can be trusted to deliver great results, over and over, no matter what the challenge.

214-629-7223

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Broker Services

When is it Time to Sell Your Health Club or Gym?

gymsaleMany factors will tell you when it is time:

  • Owner’s “burn out” Owner’s or key employee’s health problems
  • Business relocation or rerouting of expressways
  • Lease expires and you do not want to renew for another term
  • Changing technology Get estate in order
  • Not interested in investing long-term capital
  • Children do not want to enter family business
  • Under-capitalized
  • Largest accounts in financial difficulty
  • Bank unwilling to renew credit lines
  • Supplier problems
  • Staff problems
  • Customer’s habits changing
  • Seeks retirement
  • Wants to cash out and go fishing

Learn More

Whatever the reason, you will need to plan an orderly transition to new ownership with less involvement on your part.

For more info, please call us at 214-629-7223.

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We sold our health club within 4 weeks - Thanks!

Shawn T.