Long Island Gym-Large Membership-Possible Partner

Not Disclosed, NY
Suffolk County

Asking Price: Annual Revenue:
$900,000 $1,529,630

Recreation: Gyms, Health & Fitness, Sports

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RE: Long Island Gym-Large Membership-Possible Partner Broker: Bob Dunphy

Quick Facts

Asking Price: $900,000
Annual Revenue: $1,529,630
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $500,000
Real Estate: Not Disclosed
Year Established: 2016
Employees: 34
BBN Listing #: 170135879
Broker Reference #: 6842-504734

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Business Overview:

This is gym is part of a fast-growing international franchise offering a full-service, premium experience loaded with classes, equipment and amenities on a grand scale. Few fitness enterprises appeal to virtually all ages and skill levels, with revenue diversity from memberships, retail and personal training. At almost 20,000 square feet, this gym has something for everyone – a full-range of group dynamic training, fitness classes, functional training, private coaching, personal training, plus youth and family programming. With approximately 2,200 current members, the gym generates $60,000/month via EFT.

The US health and fitness industry is exploding and reached all-time highs in 2016:
• 66 Million Health Club Consumers
• 5+ Billion Health Club Visits
• $84 Fitness Industry Revenue

Features of this gym include: check-in lounge & retail store, turf training area, boxing/kickboxing bags, cardiovascular training and large locker rooms with showers.

Hours: Monday-Friday 5am-Midnight. Saturday 6am-10pm. Sunday 6am-9pm.

Lease: 18,350 square feet. Rent is $19,700/month. Seven years remain on ten-year lease plus two five-year options. Includes $1,000,000 buildout, $500,000 in FF&E and $5,000 of inventory.

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Reason for Selling:

Partner disagreement

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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