Long Island Gym-Large Membership-Possible Partnership | Transworld Business Advisors
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Long Island Gym-Large Membership-Possible Partnership

Listing Number: 6842-504734

Description

This is gym is part of a fast-growing international franchise offering a full-service, premium experience loaded with classes, equipment and amenities on a grand scale. Few fitness enterprises appeal to virtually all ages and skill levels, with revenue diversity from memberships, retail and personal training. At almost 20,000 square feet, this gym has something for everyone – a full-range of group dynamic training, fitness classes, functional training, private coaching, personal training, plus youth and family programming. With approximately 2,200 current members, the gym generates $60,000/month via EFT.

The US health and fitness industry is exploding and reached all-time highs in 2016:
• 66 Million Health Club Consumers
• 5+ Billion Health Club Visits
• $84 Fitness Industry Revenue

Features of this gym include: check-in lounge & retail store, turf training area, boxing/kickboxing bags, cardiovascular training and large locker rooms with showers.

Hours: Monday-Friday 5am-Midnight. Saturday 6am-10pm. Sunday 6am-9pm.

Lease: 18,350 square feet. Rent is $19,700/month. Seven years remain on ten-year lease plus two five-year options. Includes $1,000,000 buildout, $500,000 in FF&E and $5,000 of inventory.

Listing Details

  • Price: $900,000
  • Down Payment: $900,000
  • Sellers Discretionary Earnings: $0
  • Total Sales: $1,529,630
  • Location: Suffolk County, New York

  • Inventory: $5,000
  • FF&E: $500,000
  • Employees: 34
  • Year Established: 2016
  • Reason for Selling: Partner Disagreement
  • Category: Fitness,Health Care & Fitness,Sports Goods & Fitness Stores,Sports Related Biz

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