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Fitness Franchise - 2900 Members For Sale

Mercer County, New Jersey
Asking Price:
$99,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$846,195 (USD)
Cash Flow:
Available on request

Over $450K in assets after depreciation! Now only $99K!

Popular franchise fitness center for sale in popular strip center on major highway with great visibility.

Start now with over 2900 dedicated members and 36 experienced part time employees on your team.

Property Information

Premises Details:

12800 sq ft of prime retail space with a below market rent.

6 years remaining on current lease term and options for 12 more years.
The sale includes over $700,000 in leasehold improvements and over $500,000 in equipment. All meticulously maintained.

The strip center has several other big box brands driving traffic into this retail hub. Plenty of parking and readily accessible for members.

Business Operation

Expansion Potential:

Hands on management and marketing is what the business needs to be profitable. Other clubs in the system with comparable memberships are profitable.

Competition / Market:

This is a unique opportunity to make an investment in the $33 Billion Gym, Health and Fitness Clubs industry (Source: IBISWorld December 2018) for a fraction of the cost of opening a new club!

Reasons for selling:

Loss of operating partner.

Trading hours:

Mon-Fri 4:30am-11pm; Sat-Sun 7am-6pm

Employees:
1 FT / 35 PT
Years established:
9 Years

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

Will train for 2 weeks @ no cost
The purchaser will need to be approved by the franchisor and the landlord.

The purchaser must be properly capitalized and will need to sign a franchise agreement and a lease. Both of which will require personal guarantees.

All other licenses are transferrable.

Furniture / Fixtures value:
$467,938 (USD) - included in the asking price
Inventory / Stock value:
$3,000 (USD) - included in the asking price

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