Franchise Gym. fitn340

Price: $995,000

Location: Bergen County, New Jersey

Industry: Fitness

Listing ID: FITN340

Solid business opportunity for this new young fitness center located in a wonderful area of Northern New Jersey Passaic County. The business is on a state highway and the business now has an ultra-modern image with all upgraded equipment. The gym presently has approximately fourteen hundred and fifty (1,450) contract members and expects to develop well over two thousand. Basic membership sold at $40-50. A class membership sold at $70-80, and a Martial arts membership sold at 130-150. We also have a youth membership sold at $100. 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.

Listing Details

Revenue: $999,999

Cash Flow: $220,000

FFE: $375,000 (Included in Price)

Inventory: $2,500 (Included in Price)

Franchise?: Yes

Franchise Information:

National Franchise

Reason For Sale:

The purpose of this business transaction is due to the owner alternative businesses out of the general area.

Training & Support:

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

Location

Security on Lease: Two Months

Lease Option: Yes, Available

Monthly Rent: $25,000

Type of Location: Commercial active highway

Square Footage: 15,000

Relocatable?: Yes

Facilities Information:

This fitness center consists of approximately 15,000 square feet with a modern professional appearance. The business is in a commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Sussex County, which consists of various affluent and highly populated communities with continued demand for this industry.

Summary

Owner Qualifications:

For Qualifications purposes, this business opportunity and industry does not require government licensing approval to purchase or operate however, franchise approval is required in addition to the standard required municipal licenses.

Competition:

Regarding competition, to the best of our knowledge, 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:

Regarding growth and expansion, the business will begin offering personal training and children’s services which will substantially increase the gross income. Also, this gym can be further expanded by improving the marketing plan and the local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.

Financing/Terms:

Owner financing is available to be negotiated.

Ron Cervelli

contactus@regalconsultants.com

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