High End Fitness Sports Faciltity In Suffolk For Sale

Business description

We are pleased to present the opportunity to acquire a Long Island State-of-the Art Fitness Center where no expense has been spared in building this beautiful 25,000 square foot modern Center. The gym and sports center is proud to offer its members more space and more service than most other health clubs and gyms on Long Island. The health club is conveniently located on a main road in a busy center.

Extensive Documents available to clearly show the cost of building this gym today they include:
(1) Build Out/Tenant Improvements $3,570,280.00
(2) Estimated Cash Reserves $361,738.00
(3) Estimated Equipment and Furniture $506,600.00
Comparativly,total capital needed to build today $4,438,618.00.
Available Documents: Documents provided by a very reputable consultant and builder who specializes in all phases of the health fitness industry for over 20 years. (PDF, Excel Docs include:) Construction Budget, Buy verses Build Comparison, Facility ProForma. (Construction Budget:) A detailed itemized account for the comparative cost of construction for the same fitness club today. (Buy vs. Build Comparison:) An informative guide, which includes expenditures and itemized accounts of Buy verses Build today with comparisons based on defined projections and the current performance of the club. (Facility ProForma:) Detailed Financial Profile of the Club

Seller Financing: Financing Available For Qualified Buyer

Facilities: Long Favorable Lease, Very Large 500 Space Parking

Competition: This location was chosen as a result of the ideal demographics and need for a fitness facility.

Growth and Expansion: This facility should only be inquired upon by an educated buyer who understands the process of building a new business, the expenses involved, and the time frame to expect a positive cash flow. The majority of all new businesses do not begin with a positive cash flow as a result of the various expenses of building and opening a new business. Therefore, we have provided the following information below to be made available for the discerning buyer. 400 new net dues paying members in past few months. They are well on there way to building a strong cash flow income.

Property information

Location:

The prime location of this facility was carefully chosen by looking at the demographics as well as a need for a gym in this area. Within a busy shopping center with extensive parking.

Premises details:

No expense has been spared in building this beautiful and very large modern Center with full services and sports facility.

Other information

Competition / Market:

None in the area

Support & training:

Seller will give support & Traing as needed.

Reasons for selling:

Seller needs funds for a major building project in Manhattan

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller Financing Available for Qualified Buyers