Growing Gym with Classes and Cardio Equipment - Reduced Price!

Portsmouth, NH (Rockingham County)

Growing Gym with Classes and Cardio Equipment - Reduced Price!
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Asking Price: $200,000

Cash Flow: $60,470

Gross Revenue: $406,079

EBITDA: $60,470

FF&E: $80,000

Inventory: N/A

Rent: $5,705.92 /Month

Established: 2006

Growing Gym with Classes and Cardio Equipment - Reduced Price!

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Business Description

Refurbished Gym with Growing Membership - Seacoast NH!

An established gym with a growing base of hundreds of members is for sale in the Seacoast New Hampshire area! The gym offers cardio and strength machines, free weights, and a large variety of fitness classes taught by a team of certified instructors. The gym also offers personal and small group training options. The space has been completely remodeled within the last year and the equipment is all brand new. This is a profitable, turnkey operation in an excellent location that is set up for continued success.

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Detailed Information

Location:
Portsmouth, NH
Real Estate:
Leased
Building SF:
5,267
Lease Expiration:
11/15/2019
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is located in a high traffic location, close to major highways and shopping areas. The gym has multiple studio spaces, a large cardio area, a free weight area, a childcare room and spacious locker rooms. The gym was repainted within the last year and new flooring was installed in the studio spaces.
Competition:
There are a number of other gyms in the area but still plenty of room for growth.
Growth & Expansion:
The gym membership has been growing significantly at various price levels while continuing to retain customers. There are many ways to boost revenues including increasing marketing efforts, offering more classes and specialized programs such as offering massages, and gym apparel
Support & Training:
Seller is willing to assist in support and training.
Reason for Selling:
Divestiture
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(from currently available funds)
 
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Hank Beresin

Business Listed By:
Hank Beresin

First Street Business Brokers, LLC

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