PRIVATE GYM. FITN339

Price: $150,000

Location: Middlesex County, New Jersey

Industry: Fitness

Listing ID: FITN339

Fantastic opportunity for this newer absentee owner, modern one-year newer fitness center located in northern, New Jersey, Middlesex County. The business has a capacity for fifty on site members, and presently has approximately three hundred (300) registered members and projects a continues growth over the next year. The gym is set up to be a self-operational, 24-hour facility and each member uses a scan card door activation swipe to visit the facility anytime. There is also income from a supplement sale, and personal training that continues to grow each month. Their philosophy is with patience and persistence, anyone can achieve realistic goals, including higher self-esteem, confidence, and the body you desire. This fitness center strives to create a personal relationship with their clients and to provide encouragement, confidence, motivation, and strength to help members reach their fitness goals. Their goal is to supply the best possible service as a premier fitness center, committed to providing members and employees of all ages a fun, friendly environment. The majority of the business income is obtained from monthly membership fees which is a guaranteed income to the company. All of the equipment is in excellent working condition and will be delivered free and clear of any debts. The center continues to develop financially and expects a further increase with the 2022 gross income. This is an excellent business opportunity which can be operated either as an on-site owner operator or a semi absentee investor.

Listing Details

Revenue: $140,000

Cash Flow: $48,000

FFE: $120,000 (Included in Price)

Inventory: $1,000 (Included in Price)

Reason For Sale:

The purpose of this business transaction is due to the partners absenteeism and their full-time involvement in an alternative business not in the fitness industry.

Training & Support:

The seller will remain post-closing and is fully prepared to supply an appropriate transitional period to the new owner / operator.

Location

Security on Lease: Two Months

Lease Option: Option Available.

Monthly Rent: $3,000

Type of Location: Commercial Avenue

Square Footage: 3,100

Relocatable?: Yes

Facilities Information:

This gym is new consisting of 3,100 square foot facility and is a fully equipped operation with a modern professional equipment. The business is in a commercial setting with various other active companies. This opportunity is located in convenient location of Middlesex County and consists of numerous highly populated communities with continued demand for this personal service.

Summary

Owner Qualifications:

For Qualifications purposes, this business opportunity and industry does not require government licensing approval to purchase or operate other than the standard required municipal licenses. This is Not a franchise.

Competition:

To the best of our knowledge, to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Potential Growth:

This fitness business can be further developed by improving the local advertising and in house personal training. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.

 

Ron Cervelli

contactus@regalconsultants.com

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