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Personal Training Gym

RecreationFor Sale in NJ

Financial & Assets Details

$126,152
$683,559
$200,000
13029+/-

About the Business

2009
9
Yes

Business Description

Highly successful personal training fitness center located in Northern New Jersey, Bergen County with a gross income of $683,559 and a consistent net income to the present owner. This business can continue as a franchise or can be purchased as a non-franchise, private gym. The gym presently has approximately 960 members and can continue to develop with additional services. They are the leading provider of specialized and tailored health and fitness services in the area. By delivering premium health and fitness services for their large customer base, they are confident they can help their members to reach - and surpass - their fitness goals. Whether their aim is to lose that stubborn body fat, improve diet, train for a marathon, or just feel better in their day-to-day life, they are experts! At this gym, they are dedicated to serving their community and giving back whenever possible. If a potential member is seeking that extra push to get in the best shape possible, then Personal Training is the answer. Their members work with expert trainer, who will develop individualized workout routines to ensure to meet fitness goals. Group Training will not only get members in great shape, but you will also experience accountability and motivation from like-minded people. This gym consist of 3 full time and 6 part time employees consisting of trainers and general staff who are unaware of the pending sale. The payroll is primarily based on an hourly basis, or a weekly base salary, the staff is unaware of the pending sale & fully expected to remain post-closing, and the monthly payroll expense is approximately $28,000. The business transaction will offer an assignable commercial lease which expires 04/30/2022, plus additional options available, with a monthly rent of $15,362 all in, total cost per square foot is estimated at $14.15 and rent security of approximately $12,000. The business has been valued / priced at $199,000 which is based on the seller’s representation of a multiple of the net yearly income which includes the value of the specific business assets. Also, seller financing may be available to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

Growth & Expansion

The business opportunity can be further expanded by the new operator by improving the existing marketing plan and the required local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.

Seller Financing

Available to a qualified buyer.

Market Competition:

To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Location Details:

The facility which consist of approximately 13,029 square has a modern and attractive appearance. The gym is conveniently located in a commercial area in Northern New Jersey, Bergen County, consisting of numerous affluent and highly populated communities with ongoing demand for this service.

Support & Training

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.

Reason for Selling:

Owner has new business opportunity out of the immediate area.

Listing ID: FITN295

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