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Businesses For Sale   >>   New Jersey Businesses For Sale

Performance / Gym Business

Location  New Jersey,United States
Asking Price Range  $250K - $500K
Gross Revenues  $271000
Net Profit / Cash Flow  $107850
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2010
Number of Employees  1 - 3
Inventory  $175,000 equipment only.
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  The seller will remain after closing and supply a satisfactory transitional period.
Reason for Sale  The owner has been recruited for employment by the NFL.

Description  
Excellent opportunity to own this 3,200 square foot Performance / Gym Business which has been fully upgraded. This business generated a 2013 gross income of $271,000 and a dependable net income of $107,850. Their clientele enjoys the atmosphere of relaxation and cleanliness in a well maintained facility, while being treated with respect by our professional staff. They offer some of the most advanced fitness equipment in the area and provide only the finest exercise apparatus, friendly attentive service in a state-of-the-art fitness center. Their goal is to provide a refreshingly positive workout experience and change the way people view health clubs. The sale includes a fully equipped 3,200 square feet Gym with newer equipment and a list of equipment is available upon request. The building has a capacity for 90 members, 3,200 square feet on one main floor and no basement and there are currently approximately 300 members. This fitness business requires one full and two part time employees plus various personal trainers who are unaware of the pending sale and expected to remain post closing. This business location has substantial private parking on the site and part of the lease. This fitness center is operational seven days weekly with hours from 6:00 am to 9:30 pm. This particular industry does not require any particular license other than a certificate of occupancy to conduct its day to day operation. The business has an assignable 6 year commercial lease plus options, expires 2019-01-1 with a monthly rent of $4,986 and a rent security of $8,000. Based on the asking price, required down payment and net income this business should supply a dependable return to the owner operator prior to debt service. This is an excellent safe business opportunity.


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