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New National Franchise Gym for sale in Morris County, NJ

Morris County, New Jersey (NJ)

Asking Price: Gross: Cash Flow:
$ 695,000 $ 1,300,000 $ 270,000

Furniture and Fixtures Value:
$ 720,000 (included in the asking price)

Inventory Value:
$ 2,500 (included in the asking price)

Business Summary:
Super opportunity for this newly built supersized, 24,000 square foot, fully equipped modern franchise fitness center / gym with a substantial projected net yearly income to the owner operator. This state of the art modern facility offers every possible service in the fitness industry. The business was recently opened and continues to enroll new registered contract members and is expected to substantially increase its growth within the next few months. The build out cost, high quality equipment represents a substantial investment which will result in an excellent and continued cash flow to the owner operator. This franchise name and brand has been one of the top leaders in the fitness industry for over 35 years. With 300 licensees in 39 states, the franchise has continued to steadily gain global attention by expanding into 17 different countries worldwide. The first Gym still stands in its original location and celebrated its 35th anniversary in 2010. The franchise name and logo provides its gyms instant recognition and credibility associated with an internationally registered trademark and service mark symbolic with quality in the health and fitness industry. Today, this franchise is in the midst of tremendous growth and expansion. One reason for this surge in membership and facilities has been the Gym’s ability to not only accommodate the conditioned market, but to also attract mainstream consumers and fitness enthusiast by providing excellent fitness facilities. The Gym Trademark is associated with service and quality, and is apparent throughout each facility that opens its doors to over 1.5 million dedicated members. This industry does not require any form of government agency approval for purchase however franchise approval is required. The business has appropriate private and municipal parking on site as part of the commercial lease.The business is active seven days per week, with hours from 5:00 am to 11:00 pm. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a solid and continued investment return to the owner operator prior to debt service.

 

   
Year Business was Established: 2016
   
Number of Employees: 14  
   
Facilities / Terms of Lease: The business is located in Northern New Jersey, in the county of Morris which consists of various highly populated affluent communities. The facility consists of 24,000 square feet in a newer and ultra-modern, fully equipped state of the art building. This gym has various build out sections designed for separate functions and services.  
   
Potential Growth/Expansion: The business is operated absentee, requires onsite management and an improved marketing system to further develop gross sales.  
   
Competition: To the best of our knowledge, no other new competitors are expected near to this business and the owner has agreed to supply a non-compete agreement to the purchaser.  
   
Owner willing to finance: Seller financing is available to qualified buyers.  
   
Owner willing to train: The owner / sellers will remain post-closing for 30 days and supply a transitional period.  
   
Reason for selling: The owners are presently an absentee group.  
   
Seller Reference Number: FITN222
BusinessMart.com Listing Number: 209269
 

 

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For more info contact:

Ronald Cervelli

Regal Consulting Corp.
973-837-0808

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