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