Listing Number: 83341-336054
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!!!
- 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