MergerPlace

Franchise Gym Opportunity Priced to Sell

New Jersey (Bergen)


  • Asking Price: $50,000
  • Gross Income: $688,026
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: $3,256
  • FF&E: $211,710
  • Listing ID: #218587
  • Established: 2010
  • Employees: 1 FT/ 15 PT

Business Description

Very Popular Gym in affluent Bergen County that has it all. The equipment is top notch and the space is 15,000 square feet which includes a contemporary group fitness studio.

No expense has been spared! Great location and highly regarded. The gym is well established and monthly members take classes, personal and weight training, plus cardio and strength.

Don't miss this opportunity - PRICED TO SELL!


Business Details

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

Company Information

Year Established: 2010
Home Based: No
Franchise: Yes
Relocatable: Yes
Number of Employees: 1 FT/ 15 PT

Financial Information

Asking Price: $50,000
Gross Revenue: $688,026
FF&E: $211,710
Inventory: $3,256
Seller Financing Available: No

Property Information

Facilities:

High Visibility! This business has over 15,000 cars passing it daily.

Growth & expansion opportunities:

Absentee run business with management team in place. A hands-on owner will do very well at this location. More Personal Training classes will add sales on a weekly basis.

Competition:

This is a mature market and the territory has multiple competitors competing for gym memberships.

Reason for selling:

Owner is absentee and no longer local to this business.

Support & Training:

Will train for 2 weeks @ no cost. All licenses are up to date. The brand is well known in the NJ market and members love the price point and quality of the equipment.

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Business Listed By:

Daz Connell

Murphy Business Brokers