Excellent opportunity, Gold’s Gym is considered the best of the best fitness centers in the World. This Corporate sale of this highly successful five year young franchise gym presently owned by an absentee corporate partnership group and located in Northern New Jersey. This Franchise gym is by far the most recognized name in industry, serving millions of members throughout the United States. This ultra-modern facility consists of 12,000 square feet, with modern state of the art equipment and services 500 members daily.
The business has a 2014 gross yearly income of $1,110,401 and a growing net yearly income. The original cost to build out including the required equipment cost represented an investment cost of $700,000. This gym offers a full menu of exercise activity and has continually evolved its profile by offering the best amenities and the latest in cardio and strength training equipment as well as the most dynamic group exercise programs including Zumba, yoga, group cycling, mixed martial arts, muscle endurance training, and Pilates.
The franchise was originated in the 60’s and their worldwide locations are home to the most diverse group exercise classes and amenities in the industry. Combine that with their best-in-the-business personal trainers and you have an unmatched fitness experience.
The sale includes a large variety of state of the art equipment with a substantial replacement value including specific software for this fitness industry, accounting software, camera system and additional equipment required for this particular service industry. This particular service business has numerous employees including an operation manager who are unaware of the pending sale and fully expected to remain post closing. This particular industry does not require any particular license other than franchise approval and a specific certificate of occupancy to conduct its day to day operation.