Murphy Business and Financial Corporation presents

Fitness Center - 3000 Members

(city not disclosed) NJ | Monmouth County

*sold!*


*** sold! ***

Key metrics

Asking price: $600,000

Established: 2008

Gross income: $731,789

Cash flow: $145,654

Franchise: Yes

EBITDA:

Employees: 1 FT/8 PT

Square Feet:

Home Based: No

FFE: $450,000 (included)

Inventory: $3,000

Real estate:

Relocatable: No

Business description

Fantastic opportunity to own a modern fitness center. 2017 sales are great and the clubs show strong revenues year after year. Owner is truly absentee and works less than 8 hours a month. Management and staff are in place for an easy transition. This national franchise gym offers low cost memberships. Over 3,000 members provide solid monthly draft dues revenue. 

Other revenue sources include: personal training, retail store and juice bar.The clubs feature strength circuits, personal training, an abundance of cardio, group classes, child care, tanning, retail and juice bar. All in a very clean and modern atmosphere that keep members engaged and motivated. EFTs exceed $50K a month.

Facilities description

Well maintained 10,200 sf facility with room to expand!

Competition

There are several competitors in the area. This club is very well established.

Growth

The franchise launched a new marketing initiative that is adding members. PT is outsourced and could be brought in house to increase sales and profits.

Support

Will train for 2 weeks @ no cost. Leased – 10,200 sq. ft.

Reason for selling

Owner is absentee and spends all their time on their other businesses.

Keywords

fitness, fitness center, health club, gym, franchise, monmouth county, new jersey

disclaimer

American Gym Trader has not made any independent investigation, verification or audit of the information contained in this advertisement and makes no representations or warranties, express or implied, regarding the accuracy or completeness of the information contained herein or linked to and assumes no responsibility to its accuracy or completeness. When buying or selling a business American Gym Trader encourages you to seek the advice of a professional business broker. American Gym Trader has no monetary interest in the sale of the business. American Gym Trader does not warrant the Right of Use of any photography, logos or graphics.

Contact Russ Miller


Russ Miller

Listed by

Russ Miller,

Murphy Business and Financial Corporation

908-928-0088

No Spam Please

Do not contact the broker/seller for any reason other than your interest in buying a business!

Frequently Asked Questions

Important terms

  • Gross Income - This is the total gross sales and receipts from line 1 of the tax return. Learn more >>
  • EBITDA – Earning Before Interest Taxes Depreciation and Amortization. This financial term is generally only used with multi-million- dollar businesses.
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  • FFE – This is the estimated value of the Furniture, Fixtures and Equipment.
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  • Inventory – This is the estimated value of the retail products and merchandise.
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  • Cash Flow – Cash Flow is often also called Sellers Discretionary Earnings or Owners Benefit. All debts on a business are normally paid off at closing. Cash flow is the total of net profit, owner’s salary, depreciation, amortization, interest, perks and non-recurring expenses.
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