Be the OWNER of your very own gym!

$290,000

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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 $290k

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already going out of business since our facility opened; 3 others: (i) body-building gym, much older and much smaller, outdated equipment, only for a specific client base, not family/community-oriented); (ii) rehab facility with gym space, pool but high monthly membership rates and signup fees, outdated equipment; (iii) local YMCA, also high monthly membership and signup fees, no 24/7 access, outdated equipment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