Price: $65,000
Location: Middlesex County, New Jersey
Industry: Fitness
Listing ID: FITN103
New business opportunity with a wonderful philosophy Never workout by yourself again. Every time you step foot in this gym, a coach is waiting to train you & to make a nutrition program for you. You also get a training partner for the 60-minute workout. Unlike other gyms, they are invested in your success. By giving you results, you’re a happy camper and you then share with your best friends. 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. For Qualifications purposes; this business opportunity does not require any specific government licensing approval to purchase or operate other than the standard required municipal licenses.
Listing Details
Form of Ownership:
C Corp
Operation
Year Established: 2020
Year of Last Acquisition: 2020
Days & Hours of Operation: Days Hours of operation; this business is active seven days per week, with hours from 6:00 am to 12;00 pm.
Owner Hours Per Week: Absentee
Employees: Regarding employees and payroll, this retail company consists of two employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and weekly base salary, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $3,800.
Managers: Yes
Absentee Owner?: Yes
Location
Security on Lease: Two Months
Lease Option: Yes Available
Monthly Rent: $7,200
Type of Location: Commercial
Square Footage: 4,225
Relocatable?: Yes
Facilities Information:
This business opportunity is in north central New Jersey, Middlesex County on a highly active county road. This business facility consists of approximately 4,226 square feet with a modern, attractive, and professional appearance. The business is in a popular commercia mall conveniently located for its various customers.
Summary
Historical Summary:
This is a six-year-old full-service fitness center.
Owner Qualifications:
For Qualifications purposes; this business opportunity does not require any specific government licensing approval to purchase or operate other than 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 retail company can be further developed by increasing the number of days of operation, improving the marketing and 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
