Priced For A Fast Sale - Long Island Gym - Staple of the Community

Nassau County, NY

Priced For A Fast Sale - Long Island Gym - Staple of the Community
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Asking Price: $325,000

Cash Flow: N/A

Gross Revenue: $1,283,464

EBITDA: $150,000

FF&E: N/A

Inventory: N/A

Rent: $18,000 /Month

Established: 2009

Priced For A Fast Sale - Long Island Gym - Staple of the Community

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Business Description

This 16,000 sq ft gym located on the border of Nassau and Suffolk counties has been a community staple for a DECADE! The location is in a safe upscale neighborhood with excellent demographics. There is a wide range of free weights, machines, and hi-tech cardio equipment. There are group exercise classes, functional training areas, personal training, childcare, smoothie bar, & so much more. This is your opportunity to build on the existing goodwill and expand on the 3300 membership base as this business embarks on its second decade.
Current owners are retiring from the gym business and are highly motivated sellers.

Detailed Information

Location:
Nassau County, NY
Real Estate:
Leased
Building SF:
16,000
Lease Expiration:
N/A
Facilities:
16,000sf facility. Group-Ex classroom, Full Smoothie bar, and tanning booths.
Growth & Expansion:
Tremendous opportunity for exponential growth by continuing to build the personal training program - 5% penetration of existing membership equals $1.1 million in ADDITIONAL top-line revenue.
Support & Training:
Franchisor provides an incredible training program. Owner has offered to stay on for an indefinite period to continue building the personal training program and help with the transition - Buyer's Option.
Reason for Selling:
Owners Retiring to tend to 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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