Last Revised: 10/10/19. Posting #: 10249142
Key Words: gym, fitness center, clifton park, saratoga
Financial Info: Asking Price: $399,000. Gross Revenue: $370,098. FF&E: $382,200. Rent: $11,493/month. Furniture, Fixtures, & Equipment (FF&E): Included in asking price. The club has 600 members and a monthly EFT draft of $30,000. Website and marketing which provided 35% growth over prior year.
Profile: Dynamic fitness center with open gym, fitness classes and personal training focusing on quality and variety above all else. The club is 15,000 square feet, has 600 members and a monthly EFT draft of $30,000. The business was established in January 2015 and recently broke the breakeven point, and would be making a profit without the debt service ($8K - $10K per month).
They have a unique business model that has built a solid client base. Impressive website and marketing which provided 35% growth over prior year.
The only thing holding the business back is the debt. Therefore, a partner/investor opportunity is also being offered (25% for $250K) as well as a 100% buy-out option where the business will be sold debt free and clear.
Clifton Park, NY
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
15,000 square foot space with state of the art equipment. Plenty of space & parking.
Support & Training:
Reason for Selling:
Lack of funds to cover the debt.
Professional Resources & Contacts To Help You Close Your Deal!
Profile: Jim Thomas is the well-known founder and president of Fitness Management USA Inc., a management consulting, turnaround and brokerage firm specializing in the fitness, health club, and sports industry throughout the United States.
Key Words: jim thomas, fitness management & consulting, gyms for sale, business broker, business valuation, due diligence, consulting, fitness, gym, interval training, health club, athletic club, crossfit, dallas, collins, washington dc, marion, hillsborough, portland, multnomah, anna, prescott valley, yavapai, guliford, cicero, kings, leadville, lake, celina, raliegh, durham, clifton park, saratoga, cincinatti, hamilton
Profile: We sell boutique gyms to national fitness center chains. The American Gym Trader Difference: We pride ourselves on being there for gym owners, because we used to be in their shoes! Our team spent more than two decades in the fitness industry, owning a gym just like you do.
Key Words: david didion, american gym trader, business broker, consulting, business valuation, gym, fitness, rockwall
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
View All Related Resources & Advisors For This Posting
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: When posting either a For Sale or Wanted To Buy Posting on BizBenNetwork, effective copy can be critical for catching the attention of either a prospective buyer (with a For Sale Posting), or a seller (with a Wanting Posting). Peter Siegel covers what our research shows works best in BBN postings.
Key Words: postings, posting, peter siegel, advertising
Profile: Performing due diligence when buying a business is critical to ensuring that you are making the best purchase for you and your family. As your professional team dives deep into a business during due diligence, be sure to ask the seller these questions about owning and operating the business.
Key Words: buyers, business buyers, buying a business, due diligence, jordan green
Profile: BizBenNetwork Manager Jordan Green provides business buyers with tips for ensuring a smooth transition into business ownership and details ways to successfully approach topics such as training, employees, vendors, and contracts in order to keep business running smoothly after assuming ownership.
Key Words: purchase agreement, training period, training, transition, employees, buying a business, business purchase, purchasing a business, jordan green
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Profile: Many business owners wonder if there is ever a perfect time to sell their business. Should you sell your business now or wait until your business is more profitable/valuable? BizBenNetwork Senior Facilitator Manager Jordan Green explores this complicated question for business owner/sellers.
Key Words: jordan green, profit, profits, profitable, selling your business, sell a business, business owner, value, valuable, business value, profitable business
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