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Business for Sale Summary

Health/Fitness - 25948

Business Type: sporting goods/ exercise/ gyms,misc. retail/non-classifiable,best deals!,new to market,seller financing available,gym/health club
Owner Financing
Health/Fitness
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This business has received 122 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $400,000 Down Payment $400,000
Gross Revenues $495,000 Lease Remaining Register Free to View
Owner’s Cash Flow $207,760 Number of FT Employees Register Free to View

Financing

$400,000 Down and Finance Will Be Available

Business Description

Suffolk East end fully & well equipped private fitness center and gym with day care. This gym is established over 5 years and does no advertising and still has over 1200 active members. Equipment cost over $450k 5 years ago. This Gym has a ten year lease plus 2 five year options. Extra space available if buyer wishes to expand present size or add physical therapy and rehabilitation center. They offer state-of-the-art equipment cardio, flexibility and strength training equipment by brands including Cybex, Startrac, Hammer Strength and Life Fitness. The equipment is suitable for adults, seniors, teens, youths, and athletes. Parents can drop their kids off at our child care center while they work out, and check in on them with tvs located throughout the facility. Parking is plenty full prime triple AAA location. Must see. There is a 20 year lease and buyer can double size of present gym. **Price has decreased to 400k. Sales has increased to 38k per month or 456,000 per year. Only place in town for quality gym, closest competitor just recently closed, membership migrating to this gym. Call broker, Joe DiBello 877-763-4367

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.