Neighborhood Gym with 2,500 Members-Possible Partnership

Listing Number: 6842-72103


This award-winning, 24-hour neighborhood gym in Manhattan has 2,500 loyal members and prides itself on being a full-service fitness facility with state of the art equipment, clean workout environments and value driven pricing. Their staff of experienced personal trainers are always available to assist with questions. They offer state of the art cardio equipment with each piece having its own dedicated DirecTV monitor integrated into the LCD screen; dynamic daily classes including Yoga, Pilates, Boxing, Body Sculpt; free weights and strength equipment to hit all upper and lower body parts. Classes are taught by experienced, certified instructors who are well-aware that members vary in ability and they offer movement modifications to make the class efficient and effective for everyone! All accessories are provided: yoga/pilates mats, yoga blocks, dumbbells, boxing gloves and pads, jump ropes, aerobic balls, etc.

Hours: 24 Hours/Day, 7 Days/Week

9,500 square feet on 2nd floor and basement. Rent is $27,000/month including real estate tax. Approximately six years remain on the lease.
The Transaction: The deal structure will be an asset sale.

Listing Details

  • Price: $799,000
  • Down Payment: $500,000
  • Sellers Discretionary Earnings: $309,708
  • Total Sales: $1,197,621
  • Location: New York, New York

  • Inventory: $0
  • FF&E: $110,000
  • Employees: 5
  • Year Established: 2006
  • Reason for Selling: Focus on other business interests.
  • Category: Fitness

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