The new owners of this clean and spacious fitness center in Northern Westchester County will benefit from extensive renovations performed by the sellers. They will also acquire top of the line fitness equipment which was purchased outright and gain access to an electronic security system and a cloud based billing platform which make the gym easy to run with minimal additional headcount.
- Asking Price:
- $110,000 Furniture / Fixtures included
- Sales Revenue:
- $178,008
- Cash Flow:
- $35,635
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The business leases 3,200 square feet in an office building near the waterfront. The space was retrofitted for its current purposes by the sellers. The fitness equipment in the facility was purchased in 2021 and 2022 for a cost exceeding $100,000 and is included in the sale.
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
The new owner can grow profits by attracting new members, cross-selling personal training to a higher percentage of existing members, and by renting space to another personal trainer or massage therapist.
- Competition / Market:
-
The business differentiates itself by being locally owned and purpose-built, avoiding the anonymous feel of franchise gyms which are often overcrowded and require members to wait to use specific machines.
- Reasons for selling:
-
Owner and his wife are looking to spend more time on their other business.
- Trading hours:
-
Mon-Fri 4am-11pm; Sat-Sun 6am-6pm
- Years established:
- 5
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
- Furniture / Fixtures value:
- $27,357 - included in the asking price
