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Modern Gym For Sale

Location  New Jersey,United States
Asking Price Range  $250K - $500K
Gross Revenues  $550000
Net Profit / Cash Flow  $70000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2009
Number of Employees  10 - 19
Inventory  $220,000 equipment & 1$,500 inventory.
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  Owner will remain post-closing for 30 days and supply a transitional period.
Reason for Sale  The owner is absentee cannot continue to maintain this business.

Description  
Wonderful business opportunity to own this privately owned, modern, multi use 14,000 square foot Fitness Center /Gym located in Monmouth County, New Jersey. The center presently has well over one thousand members and continues to increase weekly. This state of the art center has everything, from cardio, spin room, yoga, Zumba, MMA classes, modern showers & saunas, childcare, personal trainers, self-defense and a private chiropractor. The present owner who has recently purchased, is absentee and cannot continue to manage this business opportunity with his schedule. This particular business has twelve full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $11,500. The business has an assignable commercial lease which expires 2022-01-01 plus additional options, with a monthly rent of $19,500 and rent security $19,500. The business facility which consists of 14,000 square feet has a capacity for approximately four hundred members. The sale includes a fully equipped fitness center which includes all the required equipment, modern showers, saunas, a large assortment of equipment, POS system, including all the necessary equipment to maintain the day to day business operation. The facility has substantial mall private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 5:00 am to 10:00 pm. The sale includes the required certificate of occupancy from the municipality and the required license approvals from the city. The facility is located on an active Highway convenient to its members and in a modern commercial mall. This is a dependable business opportunity which requires a full time owner operator to further develop. Based on the asking price, required down payment and yearly net income, this business expect to supply a dependable investment return to the owner operator prior to debt service.


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