National Franchise Gym

Price: $795,000

Location: Middlesex County, New Jersey

Industry: Fitness

Listing ID: FITN100

Solid business opportunity for this ultra-modern 25,000 square foot, fully equipped franchise fitness center, gym with a consistent gross yearly income and an increase in the 2024 projected gross income. This state-of-the-art modern facility offers every possible service in the fitness industry, from basic exercise, personal training, to MMA. This business presently has approximately 2,000 registered contract members and is expected to further increase its growth within the next twelve months. The income represents various functions, and approximately 25% of the gross sales is personal training. The build-out cost and high-quality equipment represents a substantial investment which will result in an excellent and continued positive cash flow. This franchise name and brand has been one of the top leaders in the fitness industry for the past 25 years. With hundreds of licensees internationally, the franchise has continued to steadily gain global attention by expanding into additional countries worldwide. The franchise name and logo provide its gym’s instant recognition and credibility associated with an internationally registered trademark and service mark symbolic with quality in the health and fitness industry. The famous logo is a sign of credibility across the country and is a testament to where this company began. The gym trademark is associated with service and quality and is apparent throughout each and every facility. You can be your own boss and fulfill your franchising dreams with the best in fitness with global brand recognition, and multiple revenue streams. This franchise is a premium global sports brand boasting more than 284 million members worldwide. With this brand, the franchise has exceptional growth opportunity, and each model offers the opportunity to drive revenues from multiple sources, membership to retail, private coaching to supplements. This franchise offers a full range of group conditioning and technique focused classes, functional training, personal training, traditional martial arts coaching plus fitness, youth, and family classes – all in a supportive and motivating environment.

Listing Details

Revenue: $663,395

Cash Flow: $100,000

FFE: $650,000 (Included in Price)

Inventory: $1,000 (Included in Price)

Franchise?: Yes

Form of Ownership:

Corporate

Franchise Information:

National Franchise

Terms and Conditions?:

To be supplied

Reason For Sale:

The owners have elected to end their partnership and move on to alternative business opportunities.

Training & Support:

The owner will remain post-closing for 30 days and supply a transitional period also the franchise will remain in order to assist the franchisee.

Operation

Year Established: 2004

Days & Hours of Operation: This business is active seven days per week, with hours from 5:00 am to 12:00 am.

Owner Hours Per Week: Full Time

Employees: This fitness center has approximately fifteen full & part-time employees who are unaware of the pending sale. The staff is fully expected to remain post-closing with a monthly payroll of approximately $26,000 and the majority are paid as independent employees.

Location

Security on Lease: Yes, security required.

Lease Option: Yes additional options.

Monthly Rent: 26,000

Type of Location: State Highway

Square Footage: 25,000

Relocatable?: Yes

Facilities Information:

The business is located in Northern New Jersey, in the county of Middlesex which consists of various highly populated and affluent communities. The facility consists of two floors, 25,000 square feet, in an ultra-modern fully equipped state-of-the-art building. This gym has various sections specifically designed for separate functions and services.

Summary

Historical Summary:

This is a ten-year young modern full-service franchise fitness center.
The business assets, based on the original cost of build out expense, franchising approval, equipment, and licensing is estimated at $650,000. The sale includes a fully equipped gym and fitness center with a full range of state-of-the-art exercise equipment required for this personal service industry. The equipment includes, accounting software, POS Club Ready software system, computers, several types of fitness equipment, food service equipment, including all the necessary equipment to maintain the day-to-day operation and a list of equipment will be supplied upon request. An accurate value of the assets will be supplied during the time of due diligence.

Owner Qualifications:

This industry does not require any form of government agency approval for purchase
other than franchise approval.

Potential Growth:

The business requires an updated marketing system and time to develop with onsite management and improved local advertising to further develop the gross sales.

Financing/Terms:

Seller financing has been considered to a qualified buyer with an appropriate down payment subject to appropriate collateral and credit rating.

Ron Cervelli

contactus@regalconsultants.com

Fill Out Our NDA

Contact Us About This Listing

  • Hidden
  • This field is for validation purposes and should be left unchanged.