Price Reduced- Must Sell by End of Year - Amazing Long Island Gym!

Suffolk County, NY

Price Reduced- Must Sell by End of Year - Amazing Long Island Gym!
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Asking Price: $695,000

Cash Flow: $357,000

Gross Revenue: $1,310,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $22,500 /Month

Established: 2009

Price Reduced- Must Sell by End of Year - Amazing Long Island Gym!

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Business Description

This 15,000 sq ft gym (+3000sf mezzanine) has every possible amenity. Every detail has been impeccably addressed during the just-completed renovation. There is ample parking and the location is in a safe upscale neighborhood. Excellent demographics. There is a wide range of free weights, machines, and hi-tech cardio equipment. There are group exercise classes, functional training areas, boxing, childcare, smoothie bar, & so much more in an immaculately clean environment.
The incoming owner will benefit from the recently installed Award Winning Sales Director, General Manager, and Group Fitness Director. An industry expert was hired as a consultant to implement the best practices marketing systems that are now in full swing. The business also benefits from a Physical Therapy Company that was recently added as a Sub-Tenant.
There are opportunities for explosive growth with the development of the personal training program. Absolutely No Seller Financing Available.

Detailed Information

Location:
Suffolk County, NY
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
15,000
Lease Expiration:
12/31/2028
Employees:
14
Facilities:
Beautiful 15,000sf* facility with additional 3,000sf mezzanine. Newly renovated Group-Ex classroom, Brand new Performace Turf installed 8/2019, Newly renovated Sales office and Personal Trainer's office, Childcare room, plus much more. Full Smoothie bar and tanning booths. *There is an additional 9,000sf adjacent to the gym that is available for expansion.
Competition:
Affluent suburb. Excellent Demographics.
Growth & Expansion:
Systems have been put in place for the Development of the Personal Training program. 5% penetration of the existing member base will produce over $1.1million in additional top-line revenue.
Support & Training:
Franchisor provides an incredible training program
Reason for Selling:
Seller has other business interests
Franchise:
This business is an established franchise
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(from currently available funds)
 
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michael shaw

Business Listed By:
michael shaw

1205 Fitness, Inc

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