Murphy Business and Financial Corporation presents

Gym- Successful and Absentee Owned!

(city not disclosed) NJ | Essex County

Key metrics

Asking price: $549,000

Established: 2008

Gross income: $818,320

Cash flow: $154,628

Franchise: Yes

EBITDA:

Employees: 2 FT/12 PT

Square Feet:

Home Based: No

FFE: $50,000 (included)

Inventory: $5,000 (included)

Real estate:

Relocatable: No

Business description

Well established, popular Gym in affluent New York/Northern New Jersey metro area has it all. The equipment is top notch and the 13,000 square feet space is well maintained. The gym offers group fitness classes, personal training, spin, cardio, weight/strength training and a full service juice bar. No expense has been spared! Great location and highly regarded. The gym has approximately 2,600 members currently. Absentee owned with strong management in place. Turn key! Don't miss this opportunity- it won't last long! 

Facilities description

This business territory is a mature market with great demographics. 13,000 square feet facility with all your fitness needs under one roof at an affordable price.

Competition

This is a mature territory so a few key competitors but this gym differentiates on price and offering. The business has been in this location for nearly 10 years so well known and very popular in its area.

Growth

This business does well and can grow even further with a bigger emphasis on personal training. Corporate sales opportunities also exist for new owner that wants to make this an area of focus.

Support

Will train for 2 weeks @ no cost. Full range of classes offered along with personal training. Perfect investment opportunity for someone looking to get into the health and fitness industry. No special licenses required.

Reason for selling

Owner has other business interests and is now spending more time outside of state.

Keywords

fitness, gym, fitness center, franchise, essex 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 Daz Connell


Daz Connell

Listed by

Daz Connell,

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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