Business For Sale

Fitness Center - NJ Giants Stadium

Not Disclosed, NJ
Bergen County


Asking Price: Annual Revenue:
$499,000 $1,039,800

Recreation: Gyms, Health & Fitness, Sports


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RE: Fitness Center - NJ Giants Stadium Broker: Ron Cervelli
Owner Financing is Available!
Is available to a qualified buyer with an appropriate down payment.

Quick Facts

Asking Price: $499,000
Annual Revenue: $1,039,800
Net Profit: Not Disclosed
Cash Flow: $174,500
Total Debt: Not Disclosed
FF&E: $445,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 17
BBN Listing #: 58453909
Broker Reference #: FITN266

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Business Overview:

Solid business opportunity as an onsite or absentee owner operator for an upscale resort style Franchise fitness center located in a prime area of Bergen County, New Jersey. The franchise name is renowned & established, and this facility is top notch; providing quality customer service with state-of-the-art equipment. The facility offers a large variety of physical training equipment and their business services includes 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 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 3,000 members currently enrolled. The business generates large sales figures and is expected to continue to develop and expand. The seller is a corporate semi absentee investment group. For Qualifications purposes, this industry does not require government licensing approval to purchase or operate. Franchise approval is required. This company has 17 part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $17,000. The business has an assignable commercial lease which expires January 31, 2025, plus additional options, with a gross base rent of $22,637.66, $24 per sq./ft. and rent security of $96,000. This successful fitness business operation is active seven days per week, Monday-Friday 5am-11pm, Saturday-Sunday 7am-7pm. The business has been valued / priced at $499,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Also, seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

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Property Features and Assets:

Located in an upscale North Jersey community and high traffic commercial area near the NJ Giants Stadium on a state highway. This is an urban area with a huge diverse population who require these services. The facility consists of 11,300 square feet with an ultra-modern appearance and state of the art equipment. The facility is designed for comfort and to offer the greatest possible services to its members. The facility has a professional image and a complete list of equipment which is available upon request. The business consists of a free-standing structure with various other active and successful businesses in the immediate area. This opportunity is in Northern New Jersey, Bergen County, which consists of various affluent and highly populated communities with continued demand for this industry.

Market Competition and Expansion:

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. The owner is semi absentee due to an alternative business, also this gym presently has a basic marketing plan, limited advertising, web site and if improved can further develop the business yearly gross sales.

Reason for Selling:

The sale is due to the owner’s relocation

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.

Documents:

Relevant Links:

Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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