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Businesses For Sale   >>   Health Clubs and Spas Businesses For Sale

Franchise Fitness Center Gym

Location  New Jersey,United States
Asking Price Range  $2.5M - $5.0M
Gross Revenues  $1825000
Net Profit / Cash Flow  $1000000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2012
Number of Employees  20 - 34
Inventory  $1,250,000 equipment & $2,000 inventory.
Relocatable  No
Number of Employees  20 - 34
Real Estate  Leased
Training  The owner will remain post-closing for 30 days and supply a transitional period.
Reason for Sale  Owners are an absentee group, and cannot continue to maintain this business.

Description  
Supersized 24,000 square foot, fully equipped, modern franchise fitness center / gym with a 2014 projected minimum net income of $1,000,000.. This state of the art facility is two years young and offers every possible service in the fitness industry. This business presently has 4,600 registered and contract member and expected to further increase its growth within the next twelve months. The build out cost and high quality equipment represents a substantial investment which will result in an excellent and continued cash flow to the owner operator. This fitness center business has twenty seven full & part time employees who are unaware of the pending sale, fully expected to remain post-closing and the monthly payroll is approximately $22,900. The business has an assignable commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $11,000 and rent security $22,000. The business facility which consists of 24,000 square feet has a capacity for approximately seven hundred members. The sale includes a fully equipped gym fitness center with a huge volume of state of the art exercise equipment required for this service industry, POS software system, computers, including all the necessary equipment to maintain the day to day operation. Although the business is located in a highly populated urban area the facility has appropriate private and municipal parking on site as part of the commercial lease. The business is active seven days per week, with hours from 5:00 am to 11:00 pm. The sale includes franchise approval, a certificate of occupancy from the particular municipality and the required license approval from the city. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a 33% investment return to the owner operator prior to debt service.


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