Health and Fitness Gym for Sale - Boston area – SBA Loan Approved!

Middlesex County, MA

Seller Financing Available
Health and Fitness Gym

Asking Price:$369,000

Cash Flow:$141,000

Gross Revenue:$495,000

EBITDA:N/A

FF&E:$230,000

Inventory:N/A

Established:2003

Health and Fitness Gym for Sale - Boston area – SBA Loan Approved!

Get Financing Save Print Share Valuation Report

Business Description

Be the next owner of this profitable health and fitness gym near Boston. This is a turn-key operation ready for you to take over.

This family-oriented local community health and fitness center, which features free weights, cardiovascular and strength equipment, also provides personal training instruction and group exercise to its members. Classes include yoga, Pilates and spin. The well-designed facility features male and female locker rooms with showers.

This business is SBA loan pre-approved. Qualified buyers with good credit and relevant experience will need only a 15% - 20% down payment.

The gym currently has approximately 1100 members. Over 95% of members are on an EFT payment system, which brings in a steady cash flow every month to the business. A new owner will immediately benefit from the immediate cash flow coming into the business.

We have so much more information about this business that we want to share with you including a full summary and revenue expense breakdown, but this is a very confidential listing. So in order to share the details with you we will need you to fill out the "Contact the Seller" area on this page and provide the requested information. You will be asked to sign a non-disclosure agreement.

Detailed Information

Employees:
13
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
7200 Square foot fitness facility. Well-designed interior. Ample parking area. Close to major routes. Densely populated area. Recent air conditioning and hot water tank upgrades. Men’s and women’s locker rooms and showers. Filled with gym equipment! Owner's estimate of current value of exercise equipment is over $230,000.
Competition:
The business is located just outside of Boston and there are lots of potential customers in the area. While it is not the only fitness gym in the area, it is certainly very popular and well-liked.
Growth & Expansion:
New owner should expand advertising to bring in more local clients. Also, rates could be increased for special yoga, spin and Pilates classes.
Financing:
SBA financing is available, or seller may finance buyer with significant down payment
Support & Training:
Seller will fully train the buyer on the operations of the business.
Reason for Selling:
Seller has another business and wants to devote more time to that.
Business Website:
http://www.goodmanonline.com/ourlistings.htm

Listing Statistics for Premium Members

Ad#:1229855 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

(from currently available funds)
 
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Peter Goodman, CBI

Business Listed By:
Peter Goodman, CBI

Goodman And Company Business Brokers

Show Phone Number

View My Listings

Memberships & Certifications:
Indicates membership in The New England Business Brokers Association (NEBBA).

Find out more...

Get more details about this business.


Similar Listings


BodyBrite USA

Franchise Opportunity In MA
Capital Required: $144,233