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Turnkey Boutique Fitness Franchise | Prime North Shore Location - $225,000 (Stony Brook, NY)
condition:
new
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NOTE: Yes, it is still available. If interested, please schedule a call to discuss further: https://calendly.com/christian-zarama/15min
Gross Revenue:
• $333,512.50 (Actual – Most Recent 10 Months)
• $400,215 (Forecasted 12-Month Revenue, annualized)
Seller’s Discretionary Earnings (SDE)
• $60,746.35 (Actual – Most Recent 10 Months, post add-backs)
• $72,895.48 (Forecasted 12-Month SDE, annualized)
** Financials reflect the most recent 10 months of operations and are annualized for forecasting purposes.
Net Income (Before Add Backs):
$23,892.12 (Actual – Most Recent 10 Months)
Add Backs (10 Months Actuals)
• Racks System (Equipment-related): $13,037.24
• Storage Expense: $861.97
• Interest Expense: $10,355.02
• Owner Salary: $12,600.00
---Total Add Backs: $36,854.23 (10 Months)
Annual Expenses (Major Categories – Based on Most Recent 10 Months)
• Advertising and Promotion: $1,463.94
• Alarm / Monitoring Services: $520.91
• Cleaning: $2,980.20
• Computer and Internet Expenses: $3,753.14
• Dues & Subscriptions: $3,180.57
• Franchise Fees (Royalties): $16,247.52
• Franchise Fees – Brand: $6,884.90
• Insurance Expense: $6,941.30
• Interest Expense: $10,355.02
• Marketing Expense: $3,750.35
• Office Supplies: $185.00
• Payroll Expenses: $119,342.63
• Payroll Processing Fees: $874.52
• Payroll Taxes: $12,700.25
• Base Rent: $57,334.36
• CAM: $10,586.30
• Insurance: $545.80
• Real Estate Taxes: $11,553.42
• Repairs and Maintenance: $2,204.43
• Sales Processing Fees: $8,932.06
• Storage: $861.97
• Supplies: $19,216.57
• Trash Removal: $945.00
• Utilities: $8,260.22
----Total Expenses (10 Months): $309,620.38
Business Summary
This is an opportunity to acquire an established Fitness franchise located in Long Island’s North Shore. The studio officially opened in November 2020 and operates from a 2,700 square foot space in a high-visibility shopping center along NY-25A. The business has built a strong recurring revenue base with approximately 200 members on autopay. Day-to-day operations are handled by a General Manager and W-2 coaching staff, allowing for semi-absentee ownership. The studio benefits from five-mile territorial exclusivity under a globally recognized boutique fitness brand. All major equipment is owned outright, with the exception of one leased item.
Business Highlights:
• Established Fitness franchise operating since November 2020
• Approximately 200 members on recurring autopay
• Five-mile territorial exclusivity
• Semi-absentee ownership model in place
• Prime North Shore shopping center location
• Five years remaining on a transferable lease with 3% annual increases
• Majority of equipment owned outright
• No known legal issues or capital improvement requirements
• Classes held from 5:15 am to 10:15 am and 4:30 pm to 6:15 pm.
Growth Opportunities:
• Owner-operator involvement to reduce payroll and increase SDE
• Expanded local marketing and community partnerships
• Increased utilization through class packs, seasonal promotions, and corporate wellness programs
Reason for Selling: The owner has multiple business ventures and is unable to dedicate sufficient time to this location.