MergerPlace

Now Open! Fitness Franchise

New Jersey (Mercer)


  • Asking Price: $99,000
  • Gross Income: $846,195
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: $3,000
  • FF&E: $467,938
  • Listing ID: #218235
  • Established: 2010
  • Employees: 1 FT / 35 PT

Business Description

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.


Business Details

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

Company Information

Year Established: 2010
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 1 FT / 35 PT

Financial Information

Asking Price: $99,000
Gross Revenue: $846,195
FF&E: $467,938
Inventory: $3,000
Seller Financing Available: No

Property Information

Facilities:

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.

Growth & expansion opportunities:

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

Competition:

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!

Reason for selling:

Loss of operating partner.

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 transferable.

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Business Listed By:

Russell Miller

Murphy Business Brokers