MergerPlace

Successful Gym- 3,000 Members!

New Jersey (Bergen)


  • Asking Price: $199,000
  • Gross Income: $199,000
  • Cash Flow: $73,473
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $1,461,667
  • Listing ID: #219023
  • Established: 2006
  • Employees: 1 FT / 20 PT

Business Description

Franchise gym opportunity with approximately 3,000 members. 15,000 square ft. gym with revenue coming from monthly members, training, classes and full service juice bar. The build out and equipment alone is worth approximately $1 million. Priced to Sell- very popular franchise brand!


Business Details

Primary Business Category: Services - Other Services
Location: New Jersey
County: Bergen

Company Information

Year Established: 2006
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 1 FT / 20 PT

Financial Information

Asking Price: $199,000
Gross Revenue: $199,000
Cash Flow: $73,473
FF&E: $1,461,667
Seller Financing Available: No

Property Information

Facilities:

15,000 square feet gym with classroom studio, spin studio, juice bar, offices and much more... Very large parking lot with supporting businesses in strip center setting.

Growth & expansion opportunities:

Franchise Brand is doing a huge marketing program for 2020 that all franchisees will benefit from going forward. Personal Training is a small part of the business but can be grown substantially with a new owner.

Competition:

Northern New Jersey is a very mature market so competition has been in place for a couple years now. This business is well established with a great reputation in their territory. They draw from surrounding towns and are the only 24/7 gym in the market.

Reason for selling:

Ownership is retiring.

Support & Training:

Will train for 2 weeks @ no cost General Business License and CO from town is all that is required. Franchisor and Landlord will approve the new franchise owner through the application process.

Contact Business Seller

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Business Listed By:

Daz Connell

Murphy Business Brokers