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Be the OWNER of your very own gym!

  • State: New York
  • Country: United States
  • Listed: January 1, 2018 8:48 am
  • Expires: 249 days, 17 hours


Be the OWNER of your very own gym! Have $100,000 cash flow Profit NOW. Perfect for first time Owner, with 3 profit sources, easy to operate. No debt, low rent, low total overhead, EFT recurring revenue $23,000 mo.

Top Brand equipment: Life Fitness, Hammer Strength

Full line of Cardio

Deli/kitchen with commercial fridge, grill, deli case Smoothie bar

Smoothie bar has profit, deli has huge profit potential along with production from personal trainers to increase revenue and profit


Spacious fitness facility that includes full smoothie bar and deli/kitchen stocked with brand new, never-used equipment including a commercial fridge, grill, and deli case. Gym itself 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.). Located on an intersection with great traffic, close proximity to 2 colleges. Currently under lease with 4 years remaining, option to renew for 2 additional five-year terms. Significant and rapid growth since opening – no competition nearby. Open 24/7, which is a significant draw for local members.

 Asking Price $350k

Annual Sales $290k

Cash Flow $104k

Busines Location Upstate NY

Business State New York

Number of active members 1,100 and growing rapidly

Year Established 2014

How many employees 3


Seller Financing  Available For credit-worthy purchasers only

About the competition  1 local gym already going out of business since our facility opened; 3 others: (i) body-building gym, much older and much smaller, outdated equipment, only for a specific client base, not family/community-oriented); (ii) rehab facility with gym space, pool but high monthly membership rates and signup fees, outdated equipment; (iii) local YMCA, also high monthly membership and signup fees, no 24/7 access, outdated equipment

Growth Expnsion  Significant opportunity for growth expansion, particularly with the deli and personal training

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: 205a20178801474

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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.


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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.