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Profitable franchise gym specializing in personal training, located in a highly active shopping center and in a very affluent area of Bergen County, Northern New Jersey. This gym can be maintained also as an absentee owner allowing the operator a full-time work position. The gym is built on technology and backed by science, but they integrate the insights & experience of top trainers, local Fit Coaches, and 25 years of fitness insights to make the smart training system work for you with their patented 3-step smart training system, exercising and eating right has never been easier. Whether you work out independently with a digital coach, or 1 on 1 with a certified Fit Coach, you’ll always get individualized coaching with every customized workout. This company has five-part time employees who are unaware of the pending sale, fully expected to remain post-closing, and has an average monthly payroll expense of approximately $3,500. This popular business opportunity has an assignable commercial lease which expires 05/31/2023, plus additional options, with a monthly rent of $6,614.35 all in, cost per square foot is estimated at $50.85 and rent security of approximately $10,700. The 2018 yearly gross income represented by the seller is $142,792 and a substantial net income to an onsite owner operator and prior to any debt service.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.
The gym has an attractive and clean image which consist of approximately 1,561 square feet and located in an active shopping center. The business is in a mid-size commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Bergen County, which consists of various affluent and highly populated communities with continued demand for this industry.
The business presently has a limited marketing plan, no local advertising, basic web site and if improved can further develop the business yearly gross sales. Additional growth opportunities for sale of supplements, retail items, food and beverage, packaged smoothies, shakes and related items.
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.
The sale is due to the owner’s alternative business responsibilities.
This business is an established franchise
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