MODERN GYM FITNESS CENTER. fitn342

Price: $299,900

Location: Burlington County, New Jersey

Industry: Fitness

Listing ID: FITN342

Modern attractive independent non franchise fitness center located in a wonderful area of Burlington County, New Jersey. The company had gross sales of $446,152 and a consistent net yearly income and expects an increase in the following 2022 year. 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. Predictable monthly income from membership base, multiple revenue centers including 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 is an excellent business opportunity.

Listing Details

Revenue: $446,152

Cash Flow: $89,999

FFE: $170,000 (Included in Price)

Inventory: $1,500 (Included in Price)

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.

Location

Security on Lease: Two Months

Lease Option: Yes additional options.

Monthly Rent: 7500

Type of Location: Active commercial Mall

Square Footage: 11,000

Relocatable?: Yes

Facilities Information:

The facility consists of 11,000 square feet, 1271 members, with a modern professional appearance and the business is located in a commercial mall for customer convenience. This opportunity is located in Southern New Jersey, which consists of various highly populated communities with continued demand for this particular service.

Summary

Owner Qualifications:

This industry does not require government approval to purchase.

Competition:

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:

seller financing is available to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Ron Cervelli

contactus@regalconsultants.com

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