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Listed by:

Regal Consulting Corp.

Franchise Fitness Center In Bergen County For Sale

Bergen County, New Jersey
Asking Price:
$395,000 (USD) Furniture / Fixtures included
Sales Revenue:
$852,422 (USD)
Cash Flow:
$136,380 (USD)

Solid business opportunity as an onsite or absentee owner operator for an upscale franchise fitness center located in a prime area of Bergen County, New Jersey. The franchise name is renowned & established, and this facility is top notch; providing quality customer service with state-of-the-art equipment. The facility offers a large variety of physical training equipment and their business services includes personal training, cardio training, tanning, child fitness, childcare services, a juice bar and much more. The center’s friendly and informative staff strives to motivate and inspire members in this spa-like setting to improve the customer’s health and well-being for long lasting results. The business generates large sales figures and is expected to continue to develop and expand. The seller is a corporate semi absentee investment group. This company has 17 part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $12,000. The business has an assignable commercial lease which expires January 31, 2020 plus additional options, with a gross base rent of $23,316.75, plus monthly CAM $3,054. and rent security of $96,000. The 2018 yearly gross income represented by the seller is $852,422 and the business has a yearly net income of approximately $136,380 based on an onsite owner operator and prior to any debt service. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

Property Information

Real Estate:

Lease

Location:

Located in an upscale North Jersey community and high traffic commercial area near the NJ Giants Stadium on a state highway. This is an urban area with a huge diverse population who require these services. The facility consists of 11,300 square feet with an ultra-modern appearance and state of the art equipment. The facility is designed for comfort and to offer the greatest possible services to its members. The facility has a professional image and a complete list of equipment which is available upon request. The business consists of a free-standing structure with various other active and successful businesses in the immediate area. This opportunity is in Northern New Jersey, Bergen County, which consists of various affluent and highly populated communities with continued demand for this industry.

Size in square feet:
11,300

Business Operation

Expansion Potential:

The owner is semi absentee due to an alternative business, also this gym presently has a basic marketing plan, limited advertising, web site and if improved can further develop the business yearly gross sales.

Competition / Market:

To the best of our knowledge, due to various circumstances, 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.

Reasons for selling:

The sale is due to the owner’s retirement & relocation out of the state.

Employees:
17

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

This is an established franchise

Other Information

Support & training:

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

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Has been conditionally approved to a qualified buyer with an appropriate down payment.

Furniture / Fixtures value:
$245,000 (USD) - included in the asking price
Related Documents:

Contact Information

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