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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Franchise Personal Training Gym
(Recreational , Fitness Center)
Bergen County , NJ
Listed Price: $ 75,000
Listing ID: FITN264

Listing DetailsGross Revenue: $ 205,000
Cash Flow: $ 57,000
FFE: $ 80,000 (Included in Price)
Inventory: $ 1,000 (Included in Price)
Franchise Info: This business is an established franchise
Reason for Sale:

The sale is due to the owner’s alternative business responsibilities.


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 2012
Days & Hours of Operation: Mon.-Sun. 7am-8pm
Employees: 5
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 10700
Monthly Rent: $ 6,614
Square Footage: 1561
Facilities:

The gym has an attractive and clean image which consist of approximately 1,561 square feet and located in an active shopping center. The business is in a mid-size commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Bergen County, which consists of various affluent and highly populated communities with continued demand for this industry.


SummaryBusiness Description:

Profitable six-year-old franchise gym specializing in personal training, located in a highly active shopping center and in a very affluent area of Bergen County, Northern New Jersey. This gym can be maintained also as an absentee owner allowing the operator a full-time work position. The gym is built on technology and backed by science, but they integrate the insights & experience of top trainers, local Fit Coaches, and 25 years of fitness insights to make the smart training system work for you with their patented 3-step smart training system, exercising and eating right has never been easier. Whether you work out independently with a digital coach, or 1 on 1 with a certified Fit Coach, you’ll always get individualized coaching with every customized workout. The business has strong monthly income and member base and a future owner-operator scenario adds to the potential growth directly and reduces expense significantly. This company has five-part time employees who are unaware of the pending sale, fully expected to remain post-closing, and has an average monthly payroll expense of approximately $3,500. This popular business opportunity has an assignable commercial lease which expires 05/31/2023, plus additional options, with a monthly rent of $6,614, cost per square foot is estimated at $59.00 and rent security of approximately $10,700. The business fixed assets has an estimated value of approximately $80,000 which is based on equipment and licensing replacement cost. This successful fitness center business operation is active seven days per week, with hours from 7:00 am to 8:00 pm. longer hours on weekends. The business has been valued / priced at $75,000 based on a multiple of the net yearly income which includes the value of the specific business assets. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.


Competition:

Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business presently has a limited marketing plan, no local advertising, basic web site and if improved can further develop the business yearly gross sales. Additional growth opportunities for sale of supplements, retail items, food and beverage, packaged smoothies, shakes and related items.


Financing/Terms:

N/A