Prosperous Fitness Center in a Corporate Area For Sale

Business description

An ultra modern Fitness Center in a prime area of Morris County, New Jersey. Easily accessible just off a major commuter highway, this 5,000 square foot facility is located in a business complex consisting of luxurious rental commercial units, which service a high volume of daily office workers. The business has a long lease with no rent costs to the present business operator. The managing landlord offered this no rent lease to this popular business in order to service the many paying, commercial tenants in this thriving complex. The replacement cost to the equipment is well over $200,000, which does not include cost of the build out. The business is fully equipped with an abundance of cardiovascular fitness machines, strength training, group training, fitness evaluations, spa facilities, personal training, and clean, modern, private lockers. The present owner is absentee, no longer involved with the day to day operation and has elected to market the business at a much reduced and aggressive price. If you are seeking entrance into the Fitness Industry you will not replace this business opportunity.

Property information

Real Estate:

Lease

Lease terms:

The sale will include a long lease with no present rent and no utility costs. The landlord will offer a continuation of no rent payments for a period of approximately 6 months and afterwards $1,000 per month.

Leasehold rent:

$12,000 per annum

Location:

The business is located just off a major highway and in a large commercial office building that services a very large number of businesses.

Premises details:

This is also a prime residential area with a huge number of residential apartments. The facility consists of 5,000 square feet and has a large assortment of modern equipment, showers, lockers, etc.

Size in square feet:

5,000

Other information

Expansion potential:

With an agressive marketing and promotional campaign, this business can increase its presence and profit.

Competition / Market:

There are no competitors in the entire commercial office complex or immediate area.

Support & training:

Seller will provide a complete review period.

Reasons for selling:

Other business out of the area

Trading hours:

Monday thru Friday - 5:30 AM - 8 PM
Saturday- 9AM - 1PM
Closed Sunday

Furniture / Fixtures value:

$200,000 (included in the asking price)