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Centrally located in the heart of Long Beach with ample parking near the Long Island Rail Road. 10 years left on competitive lease, with additional 15 year option. completely built out gym in 2013 (with total renovation cost of $300,000). Brand new HVAC system with 3 separate and individual controlled zones, brand new electrical/plumbing/fire alarms/sprinkler system, new roof, flooring, Sheetrock, insulation, paint, mirrors, carpet, drop ceiling and slate tile. As well as a brand new Men's room and Women's room with two showers, slate tile and lockers in each. New gym equipment including cardio, weight stack machines, free weights, functional and class equipment including TRX, Kettlebells, Boxing, plus much more (total cost of over $95,000). Business revenues generated from membership, personal training and small group fitness classes. Favorable published reviews from our members and clients with 100% customer satisfaction. First page listing on search engine for "Gym, personal training and fitness classes in Long Beach", integrated website with gym scheduling software, Wi-Fi, televisions, stereo systems, and computers. Steady flow of new business from continued marketing efforts, prominent internet placement and referrals from out satisfied customers and local business contacts. Turnkey operation with consistent monthly sales revenue and much more potential for new business. The seller will consider a working partner.
The seller will train the new owner.
75,000.00 Down & 75,000 at 7% over 60 Months
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