Absentee, Profitable Franchise Gym

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Asking Price:
$615,000

Gross Revenue:
$1,150,000
Cash Flow:
$190,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$989,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

A state of the art, profitable, absentee franchise gym just came on the market. This gym is part of a leading franchise company. With over 3,500 members, this is a high volume club that offers all the amenities. A more aggressive owner who wants to increase the marketing budget and focus on daily operations could make a major impact on growing the gym. There are numerous growth opportunities within the 4 walls to grow revenue and profitability. This gym is located in Suffolk County, and is surrounded by both a strong mix of residential and commercial population. This gym is turnkey, fully staffed and highly profitable. There is a long term lease in place. All the members pay monthly fees in addition to an annual fee. There is very predictable cash flow and the gym is selling for considerably less than the cost to build new units. Please refer to listing number #14173 when inquiring about this opportunity.

About the Business

Location:
Suffolk County, New York
Year Established:
2009
Number of Employees:
20
Franchise:
Yes
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About the Sale

Training/Support:
Yes

Listing Info

ID:
1633558
Ad Detail Views:
777

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Business Listed by

Ken Stein

The Kensington Company

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