Last Revised: 10/25/19. Posting #: 10249156
Key Words: fitness, fitness studio, gym, boutique fitness, boutique fitness studio, middlesex, absentee
Financial Info: Offered at $350,000. Revenue (2020 projected): $310,000, SDE (2020 projected): $120,000, Rent: $2,820/month base rent plus additional charges currently running $1,000. Lease: Expires July 31, 2022, + 1 year option. Approximately 425 members signed up for classes.
Profile: Turn - Key Fitness Studio - $350,000.
*1-year new fitness studio – Growing sales/profits*
This is an excellent opportunity to acquire a turn-key fitness studio in Middlesex County. The build out for this studio was completed in late 2018 and looks brand new.
This 4,000 square foot studio is one of four health-related businesses located in an industrial warehouse space in Middlesex County. The space includes a large studio, reception area, offices, bathrooms, showers and a storage area for extra equipment and supplies. All equipment, much of which has had only light usage, is included in the asking price. A complete list is available upon request.
The membership has grown steadily each month. The focus of classes is on group-based functional strength training. Personal training as well as open gym time is also available. There are approximately 425 members signed up for classes, all of which pay through automatic debits. Additionally, there are five experienced instructors teaching classes who are expected to stay on board with the new owner.
Revenue (2020 projected): $310,000. SDE (2020 projected): $120,000.
Rent: $2,820/month base rent plus additional charges currently running $1,000.
Employees: 5 part-time Instructors, 1 part-time Working owner
Facility 4,000 sq. ft.
Lease: Expires July 31, 2022, 1-1 year option
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