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Gym and Personal Training Center

RecreationFor Sale in NJ

Financial & Assets Details

$206,000
$93,000
$110,000
3200+/-

About the Business

2010
3
Yes

Business Description

Three thousand square foot modern Gym and Personal Training Center which has been fully upgraded and modernized. This business generated a 2018 gross income of $206,000 and a dependable net income of $93,000 to the owner operator. Approximately 50% of the income involves personal training. Their clientele enjoys the atmosphere of relaxation and cleanliness in a well-maintained professional 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. This fitness business requires one full- and two-part-time employees plus personal trainers who are unaware of the pending sale and expected to remain post-closing, monthly payroll is approximately $3,800. The business has an assignable commercial lease plus additional options, expires November 30, 2020 with a monthly rent of $4,986, cost per square feet is $18.75 and a rent security of $8,000. The business has been valued at $175,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment. This is an excellent safe business opportunity. The sale of this business is confidential all viewings are by appointment only; photo does not represent the particular business advertised.

Growth & Expansion

The business will continue to develop with its ongoing marketing system and onsite management representing an increase to the bottom-line income.

Seller Financing

Can be available to a qualified buyer with an appropriate down payment.

Market Competition:

This general area has limited competitors and the seller has agreed to supply an appropriate non-compete agreement to the new operator.

Location Details:

This facility consists of 3,200 square feet in a commercial setting with a clean modern appearance. The center has been designed for several types of training in separate areas of the facility. The Gym has modern locker rooms and showers and is fully equipped to supply the best possible service. This business is located in an affluent area of Morris County, New Jersey on a convenient active county road close to Route 206 and Route 80. This Gym is in an excellent affluent area of the county and services numerous communities with a continued demand for this personal service.

Support & Training

The seller will remain after closing and supply a satisfactory transitional period.

Reason for Selling:

The owner has been recruited for employment out of state with the NFL.

Listing ID: FITN296

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