Established 24/7 Gym
Kent County, MI
| Asking Price: | $120,000 |
| Gross Revenue: | $110,000 |
| Established Year: | 2014 |
| Cash Flow: | $35,000 |
| Inventory: | $40,000 |
Listing ID: 2303854Listing provided by BizBuySell
BUSINESS DESCRIPTION
Large earning potential
The gym has been in business for 10+ years and under current ownership for 2+ years. The current owners time investment is part-time. The gym doesn't currently offer any group classes or training, leaving a lot of potential earnings unrealized. Consistent membership in the 215-250 person range depending on the season. Owner finance and terms are negotiable.
DETAILED INFORMATION
Location
Kent County, MI
Inventory
Included in asking price
Real Estate
Leased
Building SF
4,800
Employees
1
Facilities
4800 sq/ft separated into 2 suites of equipment and one open fitness room.
Competition
Very little competition in the local area.
Growth & Expansion
Large amount of revenue is not being realized through personal training and group fitness.
Financing
70k down: 36mo at 10% APR
Support & Training
Owner is willing to help with the transition for a negotiable amount of time.
Reason for Selling
Planning to move
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