Franchise Gym w/Martial Art Franchise Resale

Not Disclosed, NJ
Bergen County

Highway Location

Asking Price: Annual Revenue:
$995,000 $1,000,000

Recreation: Gyms, Health & Fitness, Sports

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RE: Franchise Gym w/Martial Art Franchise Resale Broker: Customer Service

Quick Facts

Asking Price: $995,000
Annual Revenue: $1,000,000
Net Profit: $220,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $375,000
Real Estate: Not Disclosed
Year Established: 2020
Employees: 8
BBN Listing #: 22103909
Broker Reference #: FITN340

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Business Overview:

Solid business opportunity for this new young fitness center located in a wonderful area of Northern New Jersey Passaic County. The business is on a state highway and the business now has an ultra-modern image with all upgraded equipment. The gym presently has approximately fourteen hundred and fifty (1,450) contract members and expects to develop well over two thousand. Basic membership sold at $40-50. A class membership sold at $70-80, and a Martial arts membership sold at 130-150. We also have a youth membership sold at $100. 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. For Qualifications purposes, this business opportunity and industry does not require government licensing approval to purchase or operate however, franchise approval is required in addition to the standard required municipal licenses.

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Property Features and Assets:

This fitness center consists of approximately 15,000 square feet with a modern professional appearance. The business is in a commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Sussex County, which consists of various affluent and highly populated communities with continued demand for this industry.

Market Competition and Expansion:

Regarding competition, to the best of our knowledge, 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.

Reason for Selling:

Relocating to an alternative business.

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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