Gym for sale in NJ (1485) | American Gym Trader
Franchised Fitness Center - Over $1MM Sales
(city not disclosed) | NJ State (county not disclosed)
*sold!*
*** sold! ***
Key metrics
Asking price: $750,000
*Seller Financing*
Established: 2008
Gross income: $885,427
Cash flow: $292,332
Franchise: Yes
EBITDA:
Employees: 16
Square Feet:
Home Based: No
FFE: $603,363 (included)
Inventory:
Real estate:
Relocatable: No
Business description
Well established Popular Franchise Health Club in central NJ. Profitable Discount Fitness Franchise offering a wide range of premium fitness options, amenities, and workout experiences. Personal Training, classes and much more. Over 2300 active members and growing. Stable business with solid client base. Over $1,100,000 in annual sales with very good cash flow. Newer equipment and well maintained facility. Managers in place so it is truly a turn key opportunity. Priced to sell at $750K.
Financing description
$700,000 down/$50,000 for 36 mos. @ 5%
Growth
Additional local marketing and advertising will increase membership.
Support
Will train for 2 weeks @ no cost Franchisor and Landlord approval are required. No prior experience necessary. Multi unit executive model or owner operator and both options - ask for details.
Reason for selling
Health Concerns.
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 Dave Didion
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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.
Lean more >> -
FFE – This is the estimated value of the
Furniture, Fixtures and Equipment.
Lean more >> -
Inventory – This is the estimated value of
the retail products and merchandise.
Lean more >> - 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.
Lean more >>
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