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

Franchise Gym For Sale

Location  New Jersey,United States
Asking Price Range  $250K - $500K
Gross Revenues  $802000
Net Profit / Cash Flow  $70000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2010
Number of Employees  10 - 19
Inventory  $375,000 equipment & $2,500 inventory.
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  The owner will remain post closing and supply an appropriate transitional period.
Reason for Sale  The owner is absentee and cannot maintain responsibility for this business.

Description  
Wonderful opportunity to purchase a modern a highly successful national franchise Fitness Center located in affluent area of Northern New Jersey, Somerset County. The facility is 14,000 square feet with a resort style atmosphere and state of the art cardio and weightlifting equipment. The facility also has various class rooms, daycare room, cardio movie theater room, spin room and executive style lockers with saunas and showers. This Gym is an upscale membership based fitness and wellness center that capitalizes in the new mega ''wellness'' industry. Today, the wellness industry has grown to over $500 billion and is predicted to be the next trillion dollar industry! Their philosophy is simple; deliver an outstanding fitness and wellness experience that is conveniently located, open seven days a week, all at an affordable price. The facility has an original construction cost of one million dollars, with stylish decorum of granite counter tops and wooden paneling on both the floor and ceilings. The facility has wood paneling, porcelain tile bathroom flooring, lots of plants and earth tone colors throughout the center. The center is equipped with approximately 60 plus pieces of state of the art cardio equipment that contains treadmills, elliptical, recumbent bikes and all pieces of cardio are touch screen that have built in televisions audio, iPod and USB functionality. The facility also has 20 plus state of the art weight machines and free weight and stretching areas with weights for beginners and advanced members. The 2014 gross income is projected at $802,000 consisting of a substantial net income to the owner operator and the majority of the revenue is recurring, EFT based membership payments that are guaranteed with 1 or 2 year contracts. Membership continues to increase each month, approximately 1,000 members have enrolled during the past twelve months and the present enrollment is over 2,500 members.


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