Popular Fitness Center

Not Disclosed, NJ
Hudson County


Asking Price: Annual Revenue:
$150,000 $520,000

Recreation: Gyms, Health & Fitness, Sports


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RE: Popular Fitness Center Broker: Ron Cervelli
Owner Financing is Available!
May be considered with an appropriate down payment.

Quick Facts

Asking Price: $150,000
Annual Revenue: $520,000
Net Profit: Not Disclosed
Cash Flow: $113,000
Total Debt: Not Disclosed
FF&E: $220,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 15
BBN Listing #: 99013909
Broker Reference #: FITN298

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Business Overview:

Excellent opportunity, for this recently available gym. The sale of this highly successful gym is presently owned by an absentee corporate partnership group and located in Northern New Jersey with approximately 2,000 registered members. This gym is by far the most recognized name in industry, serving millions of members throughout the United States. This modern facility consists of 12,000 square feet, with well maintain equipment and routinely services approximately 400 members daily. The original cost to build out including the required equipment expense represented an investment of $600,000. This gym offers a full menu of exercise activities and has continually evolved its profile by offering the best amenities and the latest in cardio and strength training equipment as well as the most dynamic group exercise programs including Zumba, yoga, group cycling, mixed martial arts, muscle endurance training, and Pilates. The sale includes a large variety of state-of-the-art equipment with a substantial replacement value including specific software for this fitness industry, accounting software, camera system and additional equipment required. This business has fifteen employees who are unaware of the pending sale and expected to remain post-closing, monthly payroll approximately $13,350. The 2019 gross yearly income is projected at $520,000 and a yearly net income of $113,852 as an owner operator. The business has been valued at $150,000 which is based on a multiple of the net yearly income, and the equipment value and owner and bank financing is available to a qualified buyer. This transaction is confidential all viewings are by appointment only, please do not disturb the business, and photo may not represent this particular business.

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Property Features and Assets:

This modern eight-year young full-service gym consists of 12,000 square feet located in an urban city of Northern New Jersey, Hudson County and on an active commercial avenue with substantial visibility. The facility and equipment are well maintained with an attractive professional image.

Market Competition and Expansion:

This general area has limited competitors and the seller has agreed to supply an appropriate non-compete agreement to the new operator. This general area has limited competitors and the seller has agreed to supply an appropriate non-compete agreement to the new operator.

Reason for Selling:

Sale is due to owners absenteeism.

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.

Documents:

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