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Businesses For Sale   >>   New York Businesses For Sale Categories   >>   

Highly Profitable Full Functional Neighborhood Gym

Location  New York,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $900942
Net Profit / Cash Flow  $301564
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1993
Number of Employees  4 - 5
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  2 weeks training at no cost.
Reason for Sale  Already committed to another business.
Description  Fully functional health and weight management facility for men and woman. This neighborhood gym is 12,000 square ft and has been serving the community for over 14 years. The facility has Cardio equipment, weight machines, tanning booths, aerobics room, massage therapy, full service juice bar and pro shop, boxing room,spin room, and full locker room with sauna. Currently there are 1,500 members with very little advertising. This will not last so contact today.. FACILITIES / TERMS of LEASE: Located on a highly traveled Major Queens County road conveniently located off a Major Parkway and surround by several other establishments. Clean 10,162 square feet in attached building Lease: $7,000/month - expires 1/1/2024 with 3% increase MARKET SHARE: Full Blown Fitness Gym has been serving the community for over 14 years. Currently there are 1,500 members with very little advertising GROWTH POTENTIAL: Limitless and Outstanding opportunities for growth! This Opportunity Has Tremendous Upside! Owner has done very little advertising, therefore, with Additional Advertising and Marketing With Incentives Can Take This To The Next Level. ASKING: $799,000 - Financing: $299,000 for 60 months at 8%. Contact for more information on this Gym for sale.
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