Highly successful Taekwon Do Karate & Martial Arts Center located in Union County, New Jersey. The owner is retiring after many years of success and will evidence a consistent net income of $100,000+.
The center offers a full menu of martial arts programs for adults and children including woman's empowerment workshops for real world self-defense, combat fitness training classes for adults and bully prevention. The center is designed to promote positive social interaction in a courteous, pleasant atmosphere through acceptance, support, hard work, respect & encouragement and family values.
The sale includes a fully equipped Taekwondo Center which consists of a new mat flooring, various training equipment, sound system, displays, shelving, POS system, tables, computers, software, website, including all the necessary equipment to maintain the day to day business operation. This particular business has one employee who is unaware of the pending sale and fully expected to remain post-closing, monthly payroll $2,500.
The business has an assignable commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $2,500 and rent security $4,000. The business facility which consists of 2,500 square feet and has a capacity for approximately one hundred members. The facility has adequate municipal parking nearby to the business facility. The business is active six days per week, with hours from 9:00 am to 6:00 pm and to 9:00 pm for particular nights. The sale includes a certificate of occupancy from the particular municipality and the required license approval from the city.
The present owner has priced the business very aggressively with owner financing and will remain post-closing in order to supply an adequate transitional period. This is a wonderful business opportunity and based on the asking price, required down payment and yearly net income, this is business expect to supply a most unusual investment return to the owner operator.