Steve Tylee presents

Unique Hardcore Gym For Sale!!

Cedar Knolls, NJ | Morris County | 07927

Key metrics

Asking price: $300,000

Established: 2008

Gross income: $200,000

Cash flow:

Franchise: No

EBITDA:

Employees: 6

Square Feet: 8,000

Home Based: No

FFE: $200,000 (included)

Inventory:

Real estate:

Relocatable: No

Business description

A no nonsense no fluff gym! It has everything you need and nothing you dont. This is a gym from a bygone era. Theres nothing out there like it!! The big box chains and franchises have taken over the fitness industry and only the strongest independent gyms have survived. We have survived for 10 years and continue to grow, invest and make the gym even better with more state of the art equipment that all mainstream gyms dont have. We provide a vast array of hardcore equipment for the serious athlete, bodybuilder, powerlifter, strongman or crossfitter. Nitrofit has a vintage, old school feel to it with an industrial feel to the decor. 

Outside turf track, Full service juice bar, upper level cardio deck, clean locker rooms with rain showers. Unit is next door to a Baseball Academy and Massage therapist and dance school.

 

Competition

Other big box gyms in the area but none in this niche market.

Growth

Huge growth potential

Support

Owner will train for 2 weeks FREE

Reason for selling

Owner has other companies within the fitness industry and looking to sell one gym to invest in his exercise equipment company (swingsquat.com) and expand his other gym (Nitroflex Gym)

Business website

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 Steve Tylee


Listed by

Steve Tylee

973-462-3954

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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