Business Overview:
Excellent business opportunity to own this privately owned modern multi use boutique Fitness Center /Gym located in Paterson, New Jersey at an extremely aggressive price. The center presently has approximately 300 registered members and continues to increase monthly. This state-of-the-art center has everything, from cardio, spin room, yoga, Zumba, MMA classes, personal trainers, and self-defense. The present owner is semi absentee and cannot continue to manage this business opportunity with his schedule. The facility is conveniently located to its members and in a modern commercial building. This is a dependable business opportunity and expect to supply a dependable investment return to the owner operator prior to debt service.
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Property Features and Assets:
This modern retail fitness center consists of 6,500 square feet with an attractive appearance. The business is in a mid-size commercial building with various other retail businesses. The business has a capacity of one hundred and twenty members, is located in a highly populated urban city in Passaic County with continued demand for this personal service industry.
Market Competition and Expansion:
To the best of our knowledge no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Reason for Selling:
Absentee owner.
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.
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