This is a wonderful business opportunity for this ultra-modern, 25,000-square-foot, fully equipped franchise fitness center and gym, with a consistent gross yearly income and an increase in the 2024 projected gross income. This state-of-the-art modern facility offers every possible service in the fitness industry, from basic exercise to personal training to MMA. This business presently has approximately 1,500 registered contract members and is expected to further increase its growth within the next twelve months. The income represents various functions, and approximately 25% of the gross sales are personal training. The build-out cost and high-quality equipment represent a substantial investment that will result in excellent and continued positive cash flow. This franchise name and brand have been one of the top leaders in the fitness industry for the past 25 years. With hundreds of licensees internationally, the franchise has continued to steadily gain global attention by expanding into additional countries worldwide. The franchise name and logo provide its gym’s instant recognition and credibility associated with an internationally registered trademark and service mark symbolic of quality in the health and fitness industry. The famous logo is a sign of credibility across the country and is a testament to where this company began. The gym trademark is associated with service and quality and is apparent throughout each and every facility. You can be your own boss and fulfill your franchising dreams with the best in fitness, global brand recognition, and multiple revenue streams. This franchise is a premium global sports brand boasting more than 284 million members worldwide. With this brand, the franchise has exceptional growth opportunities, and each model offers the opportunity to drive revenues from multiple sources, from membership to retail to private coaching to supplements. This franchise offers a full range of group conditioning and technique-focused classes, functional training, personal training, traditional martial arts coaching, fitness, youth, and family classes, all in a supportive and motivating environment. This fitness center has a 2023 gross yearly income of $880,796.34 and a yearly net income of $177,567 based on corporate income, plus $45,000 discretionary income, Plus $20,000 from juice bar, seller discretionary income based on an absentee owner prior to debt service and the 2024 income is estimated to be greater than the previous year.
- Asking Price:
- $599,900 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $880,796
- Cash Flow:
- $177,567
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
The business has an assignable commercial lease which expires 2034 plus additional options, with a monthly rent of $26,500 all in and rent security $78,000, Franchise royalty fees represent 6% of the yearly expense.
- Leasehold Rent:
-
$318,000 per annum
- Lease Rent:
- $13 per sq ft per annum
- Location:
-
The business is located in northern New Jersey, in the county of Middlesex, which consists of various highly populated and affluent communities. The facility consists of two floors, 25,000 square feet, in an ultra-modern, fully equipped state-of-the-art building. This gym has various sections specifically designed for separate functions and services.
- Premises Details:
-
This industry does not require any form of government agency approval for purchase
other than franchise approval. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
- Size in square feet:
- 25,000
Business Operation
- Expansion Potential:
-
The business requires an updated marketing system and time to develop with onsite management and improved local advertising to further develop the gross sales.
- Competition / Market:
-
To the best of our knowledge no other new competitors are expected near to this business and the owner has agreed to supply a non-compete agreement to the purchaser.
- Reasons for selling:
-
The owners have elected to end their partnership and move on to alternative business opportunities.
- Trading hours:
-
This business is active seven days per week, with hours from 5:00 am to 12:00 am.
- Employees:
- This fitness center has approximately fifteen full & part-time employees who are unaware of the pending sale. The staff is fully expected to remain post-closing with a monthly payroll of approximately $26,000 and the majority are paid as independent employees.
- Years established:
- This is a ten-year young modern full-service franchise fitness center.
Franchise Information
- Franchise opportunity:
-
Franchise Resale
- Franchise terms:
-
To be later supplied
Other Information
- Support & training:
-
The owner will remain post-closing for 30 days and supply a transitional period also the franchise will remain in order to assist the franchisee.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Seller financing has been considered to a qualified buyer with an appropriate down payment subject to appropriate collateral and credit rating.
- Furniture / Fixtures value:
- $579,625 - included in the asking price
- Inventory / Stock value:
- $1,000 - included in the asking price
