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Franchise Fitness Center
Location: United States -> New Jersey -> Bergen County
Industry: Health and Medical > Health Clubs and Spas




Business Summary

Solid business opportunity as an onsite or absentee owner-operator for an upscale resort style Franchise fitness center located in a prime area of Bergen County, New Jersey. The franchise name is renowned & established, and this facility is top notch; providing quality customer service with state-of-the-art equipment. The facility offers a large variety of physical training equipment and their business services include personal training, cardio training, tanning, child fitness, child care services, a juice bar and much more.

The center's friendly and informative staff strives to motivate and inspire members in this spa-like setting to improve the customer's health and well-being for long lasting results. The center is newer and continues to develop its membership with approximately 3,000 members currently enrolled.

The business generates large sales figures and is expected to continue to develop and expand. The seller is a corporate semi absentee investment group. This company has seventeen full/part-time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $17,000. The business has an assignable commercial lease which expires January 31, 2030, plus additional options, with a gross base rent of $22,637 and rent security of $96,000. The business fixed assets have an estimated value of approximately $445,000 which is based on equipment and licensing replacement cost. This transaction consists of a fully equipped commercial fitness center.

This successful fitness business operation is active seven days per week, with hours from 5:00 am to 11:00 pm. The business has been valued/priced at $599,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Also, seller/bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,039,000
Cash Flow:   $174,000
Cash Flow Type:  EBITDA
Inventory:  $445,000
Seller Financing:  Yes

About The Business

Year Established:  2011
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  Yes
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  The sales are subject to franchise approval and seller will remain post-closing and is prepared to supply an appropriate transitional period to the new owner/operator.
Reason For Selling:  The sale is due to the owner’s relocation out of the state of New Jersey.

Photos

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Franchise Fitness Center Photo 1




Print Listing Id: 700324025
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Related Searches: Chiropractic Practices  >  Dental Practices  >  Health Clubs and Spas  >  Long-Term Care Facilities  >  Medical and Dental Labs  >  Medical Clinics  >  Medical Devices  >  Medical Practices  >  Optometry  >  Pharmacy  >  Other Health and Medical  > 

Also See: Franchise Opportunities > Franchise Resales > New Jersey Businesses For Sale > New Jersey Franchises For Sale > New Jersey Business Brokers



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