Seller Financing Available

Asking Price:

$145,000

Gross Income:

$451,250

Cash Flow:

$118,221

FF&E:

$50,000.00 *

Inventory:

N/A

Real Estate:

N/A

Year Established:

1987

Employees:

3/15

Business Types:

Miscellaneous Services
Other Personal Services

* included in the asking price

Business Description

PRICE REDUCTION! North Shore Suffolk gym 8500 feet established for 25 years! This fully equipped, air conditioned gym pays under market rent and offers a long lease. It offers several different memberships including daily, weekly, or monthly; as well as summer and camp packages. Their classes include break dancing, hip hop, zumba, body sculpting, adult gymnastics, and dance classes. This gym also includes two offices, a party room, boutique, stock area and a large gym with a separate area with deck trampolines. It presently has 500 active members. Seller will stay on to train or work for a few months for salary. There are about 20 employees. This is a great place for children's parties, dance classes, and possible day care or teaching. An experienced buyer with good marketing skills can double present cash flow.

Detailed Information

Financing:

120,000.00 down & $25,000 at 5% over 5 years

Support/Training:

Seller will train

Reason Selling:

personal

Broker Information

Nathan F. Goldstein

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