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Absentee, Profitable Franchise Gym

Suffolk County, New York

Asking Price: Gross: Cash Flow:
$989,000 $1,150,000 $300,000

Furniture and Fixtures Value:
$700,000 (included in the asking price)

Business Summary:
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 wanted 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 #13671 when inquiring about this opportunity.

 
   
   
Number of Employees: 20  
   
Owner willing to finance: Yes  
   
Owner willing to train: Yes  
 

 

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