Monetized Health Club with Great Net Margins

Listing Number: 83341-336054

Description

Excellent Fitness Business with Fantastic Lease Terms, Location, and Net Margins. Mostly hands-off owner. A great investment!

• Total Fixed Assets on Balance Sheet $1,997,202.79 (AS OF Sept 2019)
• 17,000 square feet
• Two floors and situated
• In a Prime location and 50-story building
• Absentee owner. A new owner can grow accounts if willing to be more hands-on, or keep the business model the same and enjoy a return on investment without much effort
• Over 200 state of the art machines, a spinning room, an exercise studio for group classes, three tanning rooms, a smoothie bar, a pro shop, and much more.
• Great rent situation as percentage of profits

OWNER WILLING TO FINANCE!!!

Listing Details

• Price: $2,250,000
• Down Payment: $2,240,000
• Sellers Discretionary Earnings: $401,669
• Total Sales: $858,071
• Location: New York


• Inventory: $39,537
• FF&E: $654,257
• Employees: 9
• Year Established: 2014
• Reason for Selling: Going back to financial industry
• Category: