Owner Financing is Available!
Business Overview:
Wonderful opportunity to own this modern well built Fitness Center located in an active, urban area of Northern NJ, Bergen County. The business in conveniently located near all major highways and close to the NJ-NY Giant Stadium. The current owner's build out cost was originally $275,000 in order to provide the best possible equipment, professional layout and service to the customers it serves. This center consists of 6,000 sq. ft. and is fully equipped with all the necessary amenities for a successful gym business. The facility is conveniently located in the heart of a busy urban city, on an active county road. The business is approximately two years young and has approximately 350 members and continues to expand. The seller is absentee and involved full time with an alternative business and desires to reduce his work responsibility and has priced the business aggressively with a modest down payment and long term seller financing offered. The equipment consists of modern locker rooms, showers, a full assortment of equipment for physical and strength training, cardio room, numerous displays, computer
system, phone system, etc. The facility consists of 6,000 sq. ft. and a capacity for 150 members. Some private and a substantial amount of municipal parking are nearby. The business is active seven days per week, hours from 5:00 am to 10:30 pm. The business has a municipal CO to conduct this particular personal service. An existing lease expiring on 2019 and with an additional 5 year option is available for transfer and the current rent is $4,500 plus cam charges. The business has two full time employees who are unaware of the pending sale. This is a most unusual opportunity due to the low price and financing terms. A promising and solid operation to be seen to appreciated!
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The facility, which is 2 years new, consists of two floors with a clean ultra modern appearance. All equipment is state of the art and represents a substantial build out cost to the existing owner. This Gym has an attractive, modern image which consists of different sections for individualized activities. Located near the NJ Giants Stadium in Bergen County and on an active commercial avenue for convenient access to its members. The general area consists of various urban communities that demand this particular service.
Market Competition and Expansion:
No other competitor fitness centers are in the immediate area and seller will supply a long term non compete agreement to the new owner. With onsite management, improved marketing and personal training this business can be further developed.
Reason for Selling:
Present owner is absentee.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.