Download PDF
Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
Broker Contact Form
Name

Email

Phone

Comment


Franchise Fitness Center
(Recreational , Fitness Center)
Burlington County , NJ
Listing ID: FITN267

Listing DetailsGross Revenue: $ 493,636
Cash Flow: $ 104,000
FFE: $ 370,000 (Included in Price)
Franchise Info: This business is an established franchise
Reason for Sale:

The present owner is absentee with full time employment.


Training & Support:

The seller owner who is semi absentee and will remain post-closing in order to supply an appropriate transitional period to the new operator.


OperationsYear Established: 2010
Days & Hours of Operation: Mon.-Sun. 5am-11pm
Non-owner Payroll: $ 14,800
Employees: 6
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 20000
Monthly Rent: $ 11,600
Square Footage: 11000
Facilities:

The facility consists of 11,000 square feet, 1871 members, with a modern professional appearance and the business is located in a commercial mall for customer convenience. This opportunity is located in Northern New Jersey, which consists of various highly populated communities with continued demand for this particular service.


SummaryBusiness Description:
Even during times of economic challenges, the fitness center industry remains strong. In fact, U.S. health club industry revenues for 2013 totaled $22.4 billion. And industry analysts predict a steady growth in the demand for health, wellness and fitness among all demographic groups-from Millennials to Baby Boomers. Retro Fitness offers you an incredible opportunity to leverage the potential of the fitness industry and is currently on track to grow to 700+ locations by 2020. Only a third of Retro Fitness owners are owner/operators. The rest leave the day-to-day operation of the club to their trusted managers and staff, with the ongoing assistance of Retro Fitness corporate. The current franchise owners come from diverse industries and backgrounds, but they have one thing in common: they were looking for an outstanding investment opportunity that would benefit themselves and their families, and they were looking for that balance between lifestyle and business investment, and they found it with this franchise. Each club provides members a one-stop-shop with everything from cardio to weight training, group classes to child sitting. Predictable monthly income from membership base, multiple revenue centers including Retro Blends Juice Bar, Personal Training and Group Fitness grow bottom line earnings. A flexible, manager run business with a streamlined and simple set of operations. Ideal for a high value, low cost gym concept. This business has six full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $14,800. The business has an assignable commercial lease which expires 2025-01-01 plus additional options, with a monthly rent of $11,600 and rent security $20,000. The business is active seven days per week, with hours from 5:00 am to 11:00 pm. The 2017 yearly gross income is $493,536 and the business has a yearly net income of $104,000 based on an owner operator and prior to debt service. This is an excellent business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely 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:

Due to franchise non-compete no other Retro gyms will be opened in this area, also to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.


Potential Growth:

The business presently has a basic marketing plan web site, however further promotions and personal training can be instituted in order to improve the gross income.


Financing/Terms:

May be considered to a qualified buyer.