Gym for sale in MA (1541) | American Gym Trader
Very Profitable 25K sq. ft. Gym - 2,000 Members
(city not disclosed) | MA State | Essex County
Key metrics
Asking price: $2,200,000
Established: 2022
Gross income: $1,295,795
Cash flow: $555,138
Franchise: Yes
EBITDA:
Employees: 7
Square Feet: 24,756
Home Based: No
FFE:
Inventory: $2,000 (included)
Real estate:
Relocatable: No
Business description
2024 Projected Gross Sales: $ 1,398,000
2024 Projected Cash Flow: $ 618,000
American Gym Trader is proud to present this remarkable fitness business. All the hard work has been done. This business is only two years young. Business revenue is steadily increasing and up 10.5 percent over the same time in the previous year. This business is the main competitor in the area.
This fitness center offers the most sought-after new equipment brands on the Market today along with a great selection of old school refurbished popular hard to find pieces. With over 100 pieces of strength equipment, 15,000 lbs. of plates, 50 sets of dumbbells up to 150lbs and 28 pieces of cardio, this is the premier strength facility in the area.
This very profitable business is owned by three partners. Collectively they only put in about 15 to 20 hours a week working directly with their general manager. This business will be easy for a new owner to take over.
They are selling this business to launch a franchise concept. This business will not be part of the franchise, but the name of the business and all intellectual property will be and will not be conveyed with the sale. Buyers must remove all signage once they take over and immediately introduce their own brand.
Buyer prospects will be required to sign a Confidentiality Agreement, provide a financial statement and a bio about your business experience.
Facilities description
The property is 25,000 square feet and opened in October 2022 with an abundance of parking.
Competition
This business is the main competitor in the area
Support
4 weeks
Reason for selling
Franchising Interest
Keywords
gym, fitness, weight lifting
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.
Contact Dave Didion
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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.
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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.
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