NEW MODERN GYM. FITN337

Price: $85,000

Location: Passaic County, New Jersey

Industry: Fitness

Listing ID: FITN337

Excellent business opportunity to own this privately owned modern multi use boutique Fitness Center /Gym located in Paterson, New Jersey at an extremely aggressive price. The center presently has approximately 300 registered members and continues to increase monthly. This state-of-the-art center has everything, from cardio, spin room, yoga, Zumba, MMA classes, personal trainers, and self-defense. The present owner is semi absentee and cannot continue to manage this business opportunity with his schedule. The facility is conveniently located to its members and in a modern commercial building. This is a dependable business opportunity and expect to supply a dependable investment return to the owner operator prior to debt service.

Listing Details

Revenue: $150,000

Cash Flow: $65,000

FFE: $45,000 (Included in Price)

Inventory: $1,200 (Included in Price)

Reason For Sale:

The owner is semi absentee cannot continue to maintain the personal service business.

Training & Support:

The owner will remain after-closing for 30 days and supply a transitional period.

Summary

Owner Qualifications:

This industry does not require government agency approval for purchaser.

 

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 long term non-compete agreement to the purchaser.

 

Potential Growth:

The business is newer and requires additional time to develop and with the continued marketing plan the business expects to further improve its corporate income.

 

Financing/Terms:

To be determined

Ron Cervelli

contactus@regalconsultants.com

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