Fitness Centers - Established Prime Locations

Not Disclosed, NY
Onondaga County

Central New York


Asking Price: Annual Revenue:
$498,000 $928,000

Recreation: Gyms, Health & Fitness, Sports


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RE: Fitness Centers - Established Prime Locations Broker: Larry J. Socia

Quick Facts

Asking Price: $498,000
Annual Revenue: $928,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $120,000
Real Estate: Not Disclosed
Year Established: 2016
Employees: 12
BBN Listing #: 335540651
Broker Reference #: Fitness2020ljs

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Business Overview:

These fitness centers provide a compelling opportunity for a new owner to acquire an established business with high traffic locations, loyal members, dedicated instructors, state-of-the-art facilities and equipment, all for a fraction of the capital required to build from scratch. Purchaser will save over $330,000 in build out costs alone. This offering puts purchaser in the desirable position to continue on as nationally branded fitness franchisee, or gives the option to re-brand under their own unique banner.

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Property Features and Assets:

Two locations in Central New York trade area: North is a 3,093± square feet prominent endcap space in a grocery anchored center; East is a 3,000± square feet inline endcap in specialty center located on high traffic corridor. Both offer fixed term leases with remaining term and have renewal options. Both gym locations are strategically located, easily accessible and positioned on main roads in commercial areas that are supported by well-established daytime and residential populations.

Market Competition and Expansion:

Seller not currently hands on in the business. A savvy new operator has potential to expand the businesses through targeted promotion strategies, and providing additional member services and health programs. New owner operator benefit is $93,000. Franchisee rights include one additional territory to increase market penetration.

Reason for Selling:

Pursuing other interests.

Additional Details:

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

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