Unique Gym Concept for sale in Bronx, NY - 33404 Business Type: misc. servicel/non-classifiable,must sell/drastic price reduction!,other personal services,seller financing available,sporting goods/ exercise/ gyms,sports complex,sports/archery,gym/health club
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $199,000 | Down Payment | $120,000 |
| Gross Revenues | $385,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $100,000 | Number of FT Employees | Register Free to View |
Financing
$120,000 Down and $79K over 4yrs. @ 6%
Business Description
Unique Gym Concept. Great branding. Prime location! This is a personal training gym and group fitness studio. It is currently closed due to Covid, but still cash flowing through EFT memberships. They are gearing up to re-open in the next few weeks. The owners are NOT trainers and selling due to a partnership split. They are involved in a management capacity. One full-time owner could do the work of the 3 existing part-time owners. All instructors are paid per class. In the past year the business grossed approx. $385,000.00 with an owner's cash flow of approx. $100,000.00. There are 7 years left on the current lease with a rent of $7,500/mth. This may be negotiable due to Covid. We are seeking a serious and financially qualified buyer with at least $120K in liquid funds to cover the down payment. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!
Attention Business Owners:
We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.
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.
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