Profitable Specialty Fitness Center

Not Disclosed, NY


Asking Price: Annual Revenue:
$240,000 $502,822

Recreation: Gyms, Health & Fitness, Sports


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RE: Profitable Specialty Fitness Center Broker: John Lastra
License #: 9213
Owner Financing is Available!

Quick Facts

Asking Price: $240,000
Annual Revenue: $502,822
Net Profit: Not Disclosed
Cash Flow: $78,359
Total Debt: Not Disclosed
FF&E: $130,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 21132818
Broker Reference #: Not Disclosed

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Business Overview:

The New Mexico business is an established fitness center for age specific individuals. The unique age focus of the center allows for a non-intimidating environment for its clients. The concept avoids the pressure of a standard multi-generational fitness facility. The fitness center has a membership base of 200 +/- individuals and the membership capacity is 230 +/-. Upon becoming a member of the fitness center an orientation program is provided and a fitness program is designed for each member based on their medical/ orthopedic history and personal goals. Members pay a monthly fee and there are no annual fees or contracts. A broad array of exercise classes and events are afforded to the fitness members.

The company to include all furniture, fixtures and equipment, $3,500 of product inventory, customer lists, covenant not to compete and training is offered for sale at $240,000. It is anticipated that the Seller would finance 10% of the sales price and that SBA guaranteed bank financing would be available for the business purchase with a buyer down payment of approximately $25,000.00.

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Reason for Selling:

Retirement

Additional Details:

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

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