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Boutique Health Club - Est Over 30 Years! In New York For Sale

New York, US
Asking Price:
$89,000
Sales Revenue:
$120,000
Cash Flow:
$40,000

LISTING ID: 35149

Boutique Health Club in affluent N Shore, Suffolk. Price Reduced! Established over 30 years ago, this business took a step back due to COVID. That has created an opportunity for someone new to come in and run with the current concept, expand it, or bring in something new to service the demand in the area. This is a 2,000-square-foot health club currently offering group fitness classes (spin, barre, HIIT, yoga, TRX, and strength). The group fitness room was completely renovated in 2021 to create a state-of-the-art space. In addition, an outdoor training area was created (weather permitting). In the past year, the business grossed approx. $120,000.00 with an owner’s cash flow of approx. $40,000.00. 2019 sales were $220K. The seller may consider seller financing for a well-qualified buyer with experience. We are seeking a serious and financially qualified buyer with at least $89K in liquid funds. The ideal buyer would have experience in the fitness industry. Proof of funds will be requested before any buyer-seller calls or meetings. All meetings must be made by appointment only!

Business Operation

Reasons for selling:

Retirement

Years established:
31

Other Information

Support & training:

Seller will train

Furniture / Fixtures value:
$50,000