Absentee Personal Training Studio In Suffolk County For Sale

Business description

Absentee Personal Training Studio. YOU DO NOT HAVE TO BE A PERSONAL TRAINER TO BUY THIS BUSINESS. The owners will stay on as trainers, working for the new owner. For the past ten years the owners have put their blood, sweat and tears into building a great business. Under the current format, there are 4 personal trainers and 11 class instructors that pay rent or a percentage of their income to the owners of the studio. All have keys and come and go as they please based on their instruction schedules. One owner has a young family and is looking to slow down a bit. The other is looking to semi-retire. This is an ideal situation for someone in the field looking to take over an established business, or for someone not in this field looking for an absentee operation as side income. Sales this year are expected to top $92,612.00 with a Net Income of approx. $51,852.00. The overhead is minimal Rent is only $2,000/mth. This is a 1800 sq ft Personal Training Studio/Group Fitness/Pilates/Yoga Studio. The Group fitness room is furnished with a suspended wood floor for maximum joint support, (originally $10,000) in great condition. Sound system with pitch control (originally $5000). Group Fitness space is perfect for additional rental income. (ie, dance, karate, wrestling, golf tech, etc.) Facility has 1 small office, and a massage therapy office currently being used by their popular massage therapist, which could also be used for chiropractic rental space. Metabolic testing equipment not included in sale, but may be an option. There is great room for expansion. Contact Mel Vaz by clickinig on the contact seller button below.

Property information

Real Estate:

Lease

Other information

Support & training:

yes

Reasons for selling:

Family Time/Personal Reasons

Financing available:

79,000 down & Negotiable

Furniture / Fixtures value:

$50,000