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Golds Gym Franchise For Sale

Location  New Jersey,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $1110401
Net Profit / Cash Flow  $428643
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2009
Number of Employees  10 - 19
Inventory  $575000 equipment & $2000 inventory.
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  The sellers will supply post closing training and transitional to the purchaser.
Reason for Sale  Corporate absentee owners.

Description  
Goldds Gym is considered the best of the best fitness centers in the World. This Corporate sale of this highly successful four year franchise gym 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 12,000 square feet, with modern state of the art equipment and services 500 members daily. The business has a 2013 gross yearly income of $1,110,401 and a growing net yearly income. The original cost to build out including the required equipment cost represented an investment cost of $700,000. This gym offers a full menu of exercise activity 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. The franchise was originated in the 600s 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 sale includes a large variety of state of the art equipment with a substantial replacement value including specific software for this fitness industry, accounting software, camera system and additional equipment required for this particular service industry. This particular service business has numerous employees including an operation manager who are unaware of the pending sale and fully expected to remain post closing. This business location has private parking on the site and part of the lease. The business is operational seven days weekly with hours from 6:00 am to 11:00 pm.


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