Boutique Downtown Gym

Not Disclosed, FL
Palm Beach County

Palm Beach County


Asking Price: Annual Revenue:
$175,000 $218,898

Recreation: Gyms, Health & Fitness, Sports


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RE: Boutique Downtown Gym Broker: Martin Berliant

Quick Facts

Asking Price: $175,000
Annual Revenue: $218,898
Net Profit: $76,308
Cash Flow: $76,308
Total Debt: Not Disclosed
FF&E: $125,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 7
BBN Listing #: 894429831
Broker Reference #: Not Disclosed

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Business Overview:

Profitable franchised health club with unique niche in downtown area. Gym has over 720 members and growing! Most members walk or ride their bike to the gym, and love its friendly atmosphere, upgraded equipment, pleasing decor, amazing location, and the 24/7 access! Fantastic long term lease through 2027 (including option) for just $4200/month (gym is 2800 sq ft). Over $85K worth of equipment (fully paid for) included, as well as $40K in leasehold improvements. The service, location, and equipment is so outstanding that it has been written up as 'Gym of the Year' in various publications. Owner only works 30-40 hours inside the gym. All members on automatic billing; rates vary based on length of pre-paid membership. Franchisor provides extensive online marketing exposure as well as a great brand name. Non-disclosure form is required.

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Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise resale opportunity.

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