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Gym & Healthclub For Sale

Kings County, New York, United States
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Asking Price$2,600,000
Revenue$846,084 EstablishedUndisclosed
Cash Flow$0 EmployeesUndisclosed
FF&E$600,000 FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
BOOMING NEW GYM [11 MONTHS OLD] is available for the right buyer. There are currently 3400 members on a 12 month contract, paying an average of $25.00 per month. The present Personal Trainer wants to stay on. The gym has all amenities including, Group Ex, Child Care, Personal Training, Juice Bar, Pro Shop, Theater Room, Full Service Locker room, and a Turf Field. This 20,000 square foot club cost in excess of $2,200,000 to build. It takes about 2-3 years between site location, permitting, BSA approval, and build out to open a club of this caliber and that's with ZERO members. Then, it will take 12 plus months to break even and you will spend an additional $100k per month during that time. THIS CLUB IS THERE, IT IS FULLY STAFFED, AND TURN KEY. The lease is incredible. You have 10 years PLUS two 5 year options for a total of 20 years. 19 are left. The club has a fantastic location in the middle of a busy, emerging area anchored by Chase Bank, Bank of America, IHOP, Dollar Tree and more. The club is being offered at $2.6 MILLION or $2 MILLION and assume the $600k debt on the equipment. Seller requests Proof of Funds before a meeting can be arranged. All funds are VERIFIABLE. Call Broker for further information at 1-877-735-5224 Attention Business Owners:We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.
Training/Support:The seller will train the new owner.
Seller Financing:$0.00 Down and NEGOTIABLE
Ad #79021
Seller Reference #27829
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Ken Zwiebel
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