Fitness Franchise - 2900 Members

Not Disclosed, NJ
Mercer County

Mercer County

Asking Price: Annual Revenue:
$99,000 $846,195

Recreation: Gyms, Health & Fitness, Sports

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RE: Fitness Franchise - 2900 Members Broker: Russell Miller

Quick Facts

Asking Price: $99,000
Annual Revenue: $846,195
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $467,938
Real Estate: Not Disclosed
Year Established: 2010
Employees: 36
BBN Listing #: 51174955
Broker Reference #: 3401-15431

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Business Overview:

Over $450K in assets after depreciation! Now only $99K!

Popular franchise fitness center for sale in popular strip center on major highway with great visibility.

Start now with over 2900 dedicated members and 36 experienced part time employees on your team.

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Property Features and Assets:

12800 sq ft of prime retail space with a below market rent. 6 years remaining on current lease term and options for 12 more years. The sale includes over $700,000 in leasehold improvements and over $500,000 in equipment. All meticulously maintained. The strip center has several other big box brands driving traffic into this retail hub. Plenty of parking and readily accessible for members. Assets= $470,938

Market Competition and Expansion:

This is a unique opportunity to make an investment in the $33 Billion Gym, Health and Fitness Clubs industry (Source: IBISWorld December 2018) for a fraction of the cost of opening a new club! Hands on management and marketing is what the business needs to be profitable. Other clubs in the system with comparable memberships are profitable.

Reason for Selling:

Loss of operating partner.

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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