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

National Golds Gym Franchise

Location  New Jersey,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $1911927
Net Profit / Cash Flow  $692099
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2009
Number of Employees  35 - 49
Inventory  $1250000 equipment & $2500 inventory.
Relocatable  No
Number of Employees  35 - 49
Real Estate  Leased
Training  The seller will remain after closing and supply a satisfactory transitional period.
Reason for Sale  Corporate owners with alternative businesses and retiring from this industry.

Description  
Gold's Gym National Franchise is considered the Best of the best fitness company in the world. This highly successful four year old franchise gym is presently owned by an absentee corporate partner group and located in Northern New Jersey. This Franchise gym is by far the most recognized name in industry, serving millions of members throughout the United States. This ultra-modern facility consists of 42,985 square feet, multiple levels with modern state of the art equipment and services 1,000 members daily. The business has a 2013 gross yearly income of $1,911,927 and a verifiable net yearly income of $692,099. The original cost to build out including the required equipment cost represented an investment cost of $2,000,000. This gym offers every possible exercise activity imaginable and has continually evolved its profile by offering the best amenities and the latest in cardio and strength training equipment as well as the most dynamic group exercise programs including Zumba, yoga, group cycling, mixed martial arts, muscle endurance training, and Pilates. At this Gym, you'll find an energetic, supportive staff who are committed to achieving their goals. The franchise was originated in the 60's and their worldwide locations are home to the most diverse group exercise classes and amenities in the industry. Combine that with our best-in-the-business personal trainers and you have an unmatched fitness experience. The staff understands the amount of weight you lose is often determined by the amount of work you personally supply and your knowledge about your body. Their weight loss articles show their members the correct way to trim down with tips for altering your diet and new ways to work out. The sale includes a large variety of state of the art equipment with an actual replacement value of $1 million dollars including specific software for this fitness industry, accounting software, camera system and additional equipment required for this particular service indust


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