Gym for sale in RI (659) | American Gym Trader
15,000 sq. ft. Fitness Center | 97,000 Cash Flow
East Greenwhich, | RI State | Kent County
*sold!*
*** sold! ***
Key metrics
Asking price: $225,000
*Seller Financing*
Established: 2011
Gross income: $408,217
Cash flow: $97,094
Franchise: No
EBITDA:
Employees: 23
Square Feet: 15,000
Home Based: No
FFE: $175,470 (included)
Inventory: $9,300 (included)
Real estate:
Relocatable: No
Business description
Very modern location with top of the line equipment. Personal training, group exercise, boot camps, nutritional counseling and Chiropractic services.
Acquisition of this location represents a compelling opportunity for a purchaser to acquire an established club with loyal members, high quality instructors, state-of-the-art facilities and equipment in a desirable location for a fraction of the capital required to build from scratch, resulting in:
o Minimal investment
o EBITDA positive location
o Higher ROI
o Significant potential for operating leverage
o This facility could not be replicated today at a cost that would make economic sense for the respective buyer with no members.
o The Company continues to invest in the facility, and since opening has spent significant capital on updating and maintaining the facility.
o Quality equipment – routinely upgrades its equipment to the latest series.
o Favorable lease terms
Facilities description
Leased – 15,000 sq. ft. in high visibility modern shopping center. The business is surrounded by restaurants, cafes, specialty retailers and many more popular merchants. Common areas includes an abundance of striped/asphalt parking and well maintained by the Landlord. Energy efficient with new LED lighting
Financing description
10% Seller Financing
Growth
The owners spend all their time in their real estate business and have lost the drive to market this business to its best potential. A new owner that could dedicate more time to the business could increase revenue growth.
Support
No cost for two weeks
Reason for selling
Not enough time to manage the gym and their real estate business.
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.
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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