Gym for sale in NJ (1495) | American Gym Trader
Very Profitable Womens Focused Gym | 2019 Owners Benefit 195,000
(city not disclosed) | NJ State | Bergen County | 22222
*sold!*
*** sold! ***
Key metrics
Asking price: $528,845
*Seller Financing*
*Lender Pre-qualified*
Established: 2016
Gross income: $589,223
Cash flow: $189,643
Franchise: No
EBITDA:
Employees: 26
Square Feet: 6,000
Home Based: No
FFE: $99,240 (included)
Inventory: $1,000 (included)
Real estate:
Relocatable: No
Client review
I decided to sell my gym and when it wasn’t really getting “leads”, I contacted Dave Didion at American Gym Trader.
Dave said “I will sell your gym within 6 months”. WOW, was he right. In the first eight weeks we had over 60 leads and four offers. Amazing!
He priced it right and worked with me through every step of the process. He stayed in contact all the time and ensured things were running properly. Not only can he sell a gym, he coaches the seller (and the buyer) through the entire process. He works on the financials, with the SBA and everything needed to sell the gym. Best person to sell your gym is David. I feel like he has become a friend too. I am available to give a reference anytime!
Nina S.
Business description
SBA Pre-Qualified with 15% down | 40K working capital available to buyer at closing.
Readers’ Choice Award "Best in Bergen 2017,2018 and 2019"
This privately owned non-franchised business is priced right and will move quickly – so act fast! Beautiful full-fitness boutique gym with premium construction, focused on studio classes, personal training, group training and amenities,
Seller works less than 20 hours/week. Willing to provide long term consulting if needed. Reason for sale is moving to Florida.
Sales continue to grow year after year.
2019 Projected Revenue - $631,630
2018 Revenue - $589,223
2017 Revenue - $476,844
Amenities include:
- Group Exercise Classes
- Personal Training
- Small Group Training
- Weight Loss fitness programs
- Cardio and Strength Equipment
- Retail boutique
- Lounge with locker room, private changing areas and showers
This business has been well managed -- books are in order, website is fully developed, SEO is strong, scheduling systems are in place, and trainers are excellent.
If you want to get into the growing fitness business and desire a solid, established foundation from which to start, this is an incredible opportunity that won’t last long.
Facilities description
The property is 6,000 square feet and opened in May of 2016. Common areas include an abundance of striped/asphalt parking.
Financing description
SBA will require 15% down. Seller will carry 5% with a full price offer.
Growth
Adding new profit centers, children’s programs and additional marketing could help grow the business.
Support
Staff consist of 1 sales manager and 3 high-level coordinators/assistant managers, 6 personal trainers and several group fitness instructors. Owner will provide one-week onsite training and 3 weeks phone support at no cost, and will be available for additional consulting/support
Reason for selling
Personal/Family and relocation out of state
Keywords
fitness center, personal traing, group fitness training
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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