Owner Financing is Available!
Business Overview:
A high end, resort style Franchise fitness center located in a
prime area of Bergen County, New Jersey. The franchise
name is renowned & established, and this particular facility is
top notch; providing quality customer service with state of the
art equipment. The facility offers a large array of physical
training equipment and their business services include
personal training, cardio training, tanning, child fitness, child
care services, a juice bar and much more. The center s
friendly and informative staff strives to motivate and inspire
members in this spa-like setting in order to improve the
customer s health and well-being for long lasting results. The
center is newer and continues to develop its membership with
approximately 3,400 members currently enrolled. The
business generates large sales figures and is expected to
annualize a gross income for 2010 of $1,300,000 with net
income of $391,000. The sellers are a corporate investment
group who act solely as developers. The opportunity also
offers seller financing for a qualified purchaser.
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:
Located in an upscale North Jersey community and high traffic commercial area near the NJ Giants Stadium. The facility consists of 11,300 square feet with an ultra modern appearance and state of the art equipment. The sale includes an existing lease expiring on 2020 and with additional options for continuation. Present monthly rent including cam charges is approximately $18,000.
Market Competition and Expansion:
Due to the specialized franchise, equipment and offering, no similar fitness centers are in this particular area. The business also has the best possible equipment for elevated service.
Reason for Selling:
Corporate Investors.
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 a franchise resale opportunity.