MergerPlace

Gym Studio Under $50k!

New York (Bronx)


  • Asking Price: $49,000
  • Gross Income: $519,933
  • Cash Flow: $75,798
  • Real Estate: Not Disclosed
  • Inventory: $9,875
  • FF&E: Not Disclosed
  • Listing ID: #215819
  • Established: 2017
  • Employees: 3 FT/ 4 PT

Business Description

Since 2017, this fitness brand has been providing quality programs & services with superior facilities as a kickboxing gym in and around the Bronx, NY area. Whatever you're looking for in a health and fitness business, you'll find it here. The gym combines a full range of cardio and weight loss programs with professional trainers. This business is a compelling opportunity and won’t last long.


Business Details

Primary Business Category: Amusements, Entertainment, Other
Location: New York
County: Bronx

Company Information

Year Established: 2017
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT/ 4 PT

Financial Information

Asking Price: $49,000
Gross Revenue: $519,933
Cash Flow: $75,798
Inventory: $9,875
Seller Financing Available: No

Property Information

Facilities:

The property is 2,588 square feet and opened in 2017. The facility upgrades and all equipment are only 2 years old. Common areas include an abundance of striped/asphalt parking.

Growth & expansion opportunities:

Owner is absentee and not active in the business currently. A new operator involved in the business will continue to grow the business at a faster pace than current owner.

Competition:

The US is the world's largest health and wellness market, with 38,477 clubs and an annual growth rate of 3.6%. Industry revenue is growing at a slightly higher rate of 6.1% and is currently estimated at $30 billion.

Reason for selling:

Owner has other business interests.

Support & Training:

Will train for 2 weeks @ no cost. Popular nationwide fitness franchise for sale. Very easy to manage and a lot of fun. 2018 Owner Operators Benefit is $103,000, $56,000 for absentee owners. One additional territory is included for an additional $10,000 transfer fee. A $45,000 value. Seller will entertain all reasonable offers.

Contact Business Seller

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Business Listed By:

Daz Connell

Murphy Business Brokers