Business For Sale

Franchise Personal Training Gym

Not Disclosed, NJ
Bergen County


Asking Price: Annual Revenue:
$75,000 $205,000

Recreation: Gyms, Health & Fitness, Sports


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RE: Franchise Personal Training Gym Broker: Ron Cervelli

Quick Facts

Asking Price: $75,000
Annual Revenue: $205,000
Net Profit: Not Disclosed
Cash Flow: $57,000
Total Debt: Not Disclosed
FF&E: $80,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 5
BBN Listing #: 47083909
Broker Reference #: FITN264

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Business Overview:

Profitable six-year-old franchise gym specializing in personal training, located in a highly active shopping center and in a very affluent area of Bergen County, Northern New Jersey. This gym can be maintained also as an absentee owner allowing the operator a full-time work position. The gym is built on technology and backed by science, but they integrate the insights & experience of top trainers, local Fit Coaches, and 25 years of fitness insights to make the smart training system work for you with their patented 3-step smart training system, exercising and eating right has never been easier. Whether you work out independently with a digital coach, or 1 on 1 with a certified Fit Coach, you’ll always get individualized coaching with every customized workout. The business has strong monthly income and member base and a future owner-operator scenario adds to the potential growth directly and reduces expense significantly. This company has five-part time employees who are unaware of the pending sale, fully expected to remain post-closing, and has an average monthly payroll expense of approximately $3,500. This popular business opportunity has an assignable commercial lease which expires 05/31/2023, plus additional options, with a monthly rent of $6,614, cost per square foot is estimated at $59.00 and rent security of approximately $10,700. The business fixed assets has an estimated value of approximately $80,000 which is based on equipment and licensing replacement cost. This successful fitness center business operation is active seven days per week, with hours from 7:00 am to 8:00 pm. longer hours on weekends. The business has been valued / priced at $75,000 based on a multiple of the net yearly income which includes the value of the specific business assets. 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:

The gym has an attractive and clean image which consist of approximately 1,561 square feet and located in an active shopping center. The business is in a mid-size commercial mall with various other active and successful businesses. 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:

Regarding competition, 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 business presently has a limited marketing plan, no local advertising, basic web site and if improved can further develop the business yearly gross sales. Additional growth opportunities for sale of supplements, retail items, food and beverage, packaged smoothies, shakes and related items.

Reason for Selling:

The sale is due to the owner’s 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.

Documents:

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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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