Brand New Franchise Gym in Bergen County, NJ

Not Disclosed, NJ
Bergen County


Asking Price: Annual Revenue:
$2,000,000 Not Disclosed

Recreation: Gyms, Health & Fitness, Sports


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RE: Brand New Franchise Gym in Bergen County, NJ Broker: Dave Chichelo

Quick Facts

Asking Price: $2,000,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $710,000
Real Estate: Not Disclosed
Year Established: 2019
Employees: 39
BBN Listing #: 67250121
Broker Reference #: 6301-487663

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Business Overview:

This 20,000 sq. ft. franchise gym opened in January 2019 and includes all the latest amenities, has an exclusive covered parking lot for members and guests, is fully staffed, and is located in a densely populated area in Bergen County, NJ, only minutes from Manhattan. There is easy access from a major highway or through town. There is already a solid member base and growing each month. There is no other gym like it in the area with the same amenities or membership options. The current owners have free rent until November 2019. Then, the rent will be $24,000 per month, all-in. The owners are also open to an equity partner with cash injection. Only serious inquiries for this opportunity.

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Market Competition and Expansion:

Local competitor has higher membership rates and lower ratings which makes it a feeder gym for this location as clients annual memberships expire. Potential Growth With little discernible competition, the future for this gym is as bright as first envisioned by the partners when they originally chose this site.

Reason for Selling:

relocating

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.

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