Franchise Fitness Center FITN323

Price: $250,000

Location: Union County, New Jersey

Industry: Fitness

Listing ID: FITN323

This successful modern franchise gym is presently owned by a semi absentee corporate partner group and located in Northern New Jersey, Union County. This Franchise gym is by far one of the most recognized name in industry, serving millions of members throughout the United States. This ultra-modern facility consists of 12,780 square feet, with modern state of the art equipment and services hundreds of members daily. Their resort-style gym offers an affordable base membership price and a variety of high-quality amenities. Their members work with a personal trainer for a customized fitness plan, and you can stop by the juice-bar to refuel with a delicious and nutritious protein drink, relax your sore muscles in the sauna, and get a flawless tan in our tanning booth. The staff at our fitness center strive to create an environment where everyone feels welcome and can get the exercise, they need to feel stronger and healthier. The business has a 2019 gross yearly income of $779,010 and a verifiable net yearly income of $264,000. The original cost to build out including the required equipment cost represented an investment of hundreds of thousands of dollars. This gym offers every possible exercise activity imaginable and has continually evolved its profile by offering the best amenities and the latest in cardio and strength training equipment as well as the most dynamic group exercise programs including Zumba, yoga, group cycling, mixed martial arts, and muscle endurance training. At this Gym, you will find an energetic, supportive staff who are committed to achieving their goals. The franchise has a wonderful reputation and their many national locations are home to the most diverse group exercise classes and amenities in the industry. Combine that with the best-in-the-business personal trainers and you have an unmatched fitness experience. The staff understands the amount of weight you lose is often determined by the amount of work you personally supply and your knowledge about your body. Their weight loss articles show their members the correct way to trim down with tips for altering your diet and new ways to work out. Based on the asking price, required down payment and net income this business should supply a consistent return to the owner operator prior to debt service. This is an excellent safe business opportunity.

Listing Details

Revenue: $779,000

Cash Flow: $264,000

FFE: $350,000 (Included in Price)

Ron Cervelli

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