Successful Gym For Sale - Dorchester

Dorchester, MA (Suffolk County)

Gym
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Asking Price: $125,000

Cash Flow: $40,000

Gross Revenue: $186,515

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $3,600 /Month

Established: 2016

Successful Gym For Sale - Dorchester

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Business Description

Established Community Fitness Studio

Remodeled fitness studio that currently offers group fitness and open gym. Memberships are maintained around 120, without much marketing effort. Average monthly membership is $180. Great established coaches; experienced person with masters degree does the programming. Great location with lots of foot traffic with significant population growth and community gentrification. The reason I am selling is the gym has gotten too busy to be a hobby as I also have a day job.

Detailed Information

Location:
Dorchester, MA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
9/30/2021
Employees:
0
Facilities:
1500 sq ft of space, completely remodeled with bathroom/shower and office. 4 parking spots. All high end equipment is paid for and no debt. Current lease has 2 more years but landlord is great and will offer same terms ($3600/month) for longer lease.
Competition:
One Crossfit about 1.5 miles away; yoga/spin studio about .25 miles away.
Growth & Expansion:
Significant growth opportunity with full time owner. No current opportunity to expand square footage in this location. Gym can easily handle 250-300 members.
Support & Training:
Owner will stay involved as long as needed at no cost except a free gym membership.
Reason for Selling:
Too busy to manage with a day job.
Franchise:
This business is an established franchise
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Business Listed By:
Brad Gerow

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