MergerPlace

Gym- Successful and Absentee Owned!

New Jersey (Essex)


  • Asking Price: $499,000
  • Gross Income: $818,320
  • Cash Flow: $154,628
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $50,000
  • Listing ID: #200147
  • Established: 2008
  • Employees: 2 FT/ 12 PT

Business Description

Well established, popular Gym in affluent New York/Northern New Jersey metro area has it all. The equipment is top notch and the 13,000 square feet space is well maintained. The gym offers group fitness classes, personal training, spin, cardio, weight/strength training and a full service juice bar. No expense has been spared! Great location and highly regarded. The gym has approximately 2,450 members currently. Absentee owned with strong management in place. Turn key! Don't miss this opportunity- it won't last long!


Business Details

Primary Business Category: Retail Trade - Health & Personal Care
Location: New Jersey
County: Essex

Company Information

Year Established: 2008
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 2 FT/ 12 PT

Financial Information

Asking Price: $499,000
Gross Revenue: $818,320
Cash Flow: $154,628
FF&E: $50,000
Inventory: $5,000
Seller Financing Available: No

Property Information

Facilities:

This business territory is a mature market with great demographics. 13,000 square feet facility with all your fitness needs under one roof at an affordable price.

Growth & expansion opportunities:

This business does well and can grow even further with a bigger emphasis on personal training. Corporate sales opportunities also exist for new owner that wants to make this an area of focus.

Competition:

This is a mature territory so a few key competitors but this gym differentiates on price and offering. The business has been in this location for nearly 10 years so well known and very popular in its area.

Reason for selling:

Owner has other business interests and is now spending more time outside of state.

Support & Training:

Will train for 2 weeks @ no cost. Full range of classes offered along with personal training. Perfect investment opportunity for someone looking to get into the health and fitness industry. No special licenses required.

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Business Listed By:

Daz Connell

Murphy Business Brokers