Price: $650,000
Location: Middlesex County, New Jersey
Industry: Fitness
Listing ID: FITN102
Wonderful 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 1,500 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 opportunities, 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. This fitness center has a 2023 gross yearly income of $880,796.34 and a yearly net income of $177,567 based on corporate income, plus $45,000 discretionary income, Plus $20,000 from juice bar, seller discretionary income based on an absentee owner prior to debt service and the 2024 income is estimated to be greater than the previous year.
Listing Details
Revenue: $880,795
Cash Flow: $112,565
FFE: $879,625 (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: 26500
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.
Competition:
To the best of our knowledge no other new competitors are expected near to this business and the owner has agreed to supply a non-compete agreement to the purchaser.
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.
