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Business for Sale Summary

Women's Gym in Essex County for Sale - 32814

Business Type: health/beauty/nutrition supply,healthcare related services,must sell/drastic price reduction!,seller financing available,gym/health club
Owner Financing
Women's Gym in Essex County for Sale
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This business has received 55 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $85,000 Down Payment $40,000
Gross Revenues $250,000 Lease Remaining Register Free to View
Owner’s Cash Flow $83,000 Number of FT Employees Register Free to View

Financing

$40,000 Down and Good credit 12 months @ 6 % -also need Franchise approval

Business Description

This is the time of the year to buy a fitness studio as people move indoors for their fitness needs, and then there are those New Year resolutions! Great opportunity to be in business for your self, but not by yourself as you have corporate support and marketing! This is priced to sell! To start a new club like this would cost a minimum of $150,000. This is a fantastic deal to purchase a business with consistent revenue from day one. Make an offer now as all reasonable offers will be considered. Owner only puts in about 10 hours a week on location primarily working on renewals and enrolling new members. Could also be absentee run as one of the trainers would like a full time position to manage the business. This business provides small group personal training for women. This business model generates more revenue per hour than 1:1 training. One trainer works with four women at a time. Located in a strip mall, in an upscale community next to a major retailer. Currently has 110 members, which is an increase, with an average renewal rate of 75%. Do more outreach into community to increase membership, as well more social media marketing. In addition to listing price there is a $14,500 franchise transfer fee plus franchise approval to show substantial net worth.

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.