Gym for sale in CT (1216) | American Gym Trader
Sold | Full Service Fitness Center
(city not disclosed) | CT State | Tolland County
*sold!*
*** sold! ***
Key metrics
Asking price: $99,000
Established: 2014
Gross income: $175,912
Cash flow: $42,092
Franchise: No
EBITDA:
Employees: 9
Square Feet: 8,500
Home Based: No
FFE: $100,000 (included)
Inventory: $1,500 (included)
Real estate:
Relocatable: No
Business description
Plenty of room for "new owner" to grow. Sales have been steadily growing for past three years. EFT's average $10,000/month. Favorable rent at only $2,500/month.
The 8,500-square foot full service fitness facility has beautifully appointed locker rooms, Pro Shop, Saunas and Tanning.
The fitness center boasts a variety of equipment that includes classic free weights, cable weight machines and cardio equipment. In addition, they have a world-class dance floor, heavy and speed bags for boxing, battle ropes and more.
Group Fitness Classes include Zumba, Step, Circuit Training, Cardio Kickboxing, Pilates, Absolute Abs, Boot Camp and Yoga. In addition, they have Ballroom Dancing taught by a former competitive dancer.
Personal training is offered and trainers pay monthly rent to the club.
This business is less than three years young and priced for a quick sale. This a good opportunity to take it to the next level.
Facilities description
8,500-square foot full service fitness facility has beautifully appointed locker rooms, Pro Shop, Saunas and Tanning
Financing description
Commercial Note
Growth
Plenty of room for "new owner" to grow.
Support
4 weeks at no cost
Reason for selling
Other Business Interest
Keywords
gym, fitness center
disclaimer
American Gym Trader has not made any independent investigation, verification or audit of the information contained in this advertisement and makes no representations or warranties, express or implied, regarding the accuracy or completeness of the information contained herein or linked to and assumes no responsibility to its accuracy or completeness. When buying or selling a business American Gym Trader encourages you to seek the advice of a professional business broker. American Gym Trader has no monetary interest in the sale of the business. American Gym Trader does not warrant the Right of Use of any photography, logos or graphics.
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Frequently Asked Questions
Important terms
- Gross Income - This is the total gross sales and receipts from line 1 of the tax return. Learn more >>
-
EBITDA – Earning Before Interest Taxes
Depreciation and Amortization. This financial term is generally only
used with multi-million- dollar businesses.
Lean more >> -
FFE – This is the estimated value of the
Furniture, Fixtures and Equipment.
Lean more >> -
Inventory – This is the estimated value of
the retail products and merchandise.
Lean more >> - Cash Flow – Cash Flow is often also called
Sellers Discretionary Earnings or Owners Benefit. All debts on a
business are normally paid off at closing. Cash flow is the total of
net profit, owner’s salary, depreciation, amortization, interest, perks
and non-recurring expenses.
Lean more >>
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