New Modern Gym

Not Disclosed, NJ
Passaic County

Active commercial avenue

Asking Price: Annual Revenue:
$85,000 $150,000

Recreation: Gyms, Health & Fitness, Sports

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RE: New Modern Gym Broker: Customer Service
Owner Financing is Available!
Owner financing available.

Quick Facts

Asking Price: $85,000
Annual Revenue: $150,000
Net Profit: $65,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $45,000
Real Estate: Not Disclosed
Year Established: 2021
Employees: 2
BBN Listing #: 79873909
Broker Reference #: FITN337

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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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