Privately Owned Fitness Center

Business Summary

Wonderful business opportunity to own this privately owned modern multi use 14,000 square foot Fitness Center /Gym located in Monmouth County, New Jersey. The center presently has well over one thousand members and continues to increase weekly. This state of the art center has everything, from cardio, spin room, yoga, Zumba, MMA classes, modern showers & saunas, childcare, personal trainers, self-defense and a private chiropractor. The present owner is absentee and cannot continue to manage this business opportunity with his schedule. The facility is located on an active Highway convenient to its members and in a modern commercial mall. This gym also collects rent from two services representing thousands of dollars in rental fees. This is a dependable business opportunity which requires a full time owner operator to further develop. The sale includes a fully equipped fitness center which includes all the required equipment, modern showers, saunas, a large assortment of equipment, POS system, including all the necessary equipment to maintain the day to day business operation. This particular business has twelve full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $11,500. The business has an assignable commercial lease which expires 2022-01-01 plus additional options, with a monthly rent of $13,000 and rent security $19,000. The business facility which consists of 14,000 square feet has a capacity for approximately four hundred members. The facility has substantial mall private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 5:00 am to 10:00 pm. The sale includes the required certificate of occupancy from the municipality and the various license approvals from the city.

Financials


Asking Price Range:  $250K – $500K

Gross Revenues:  

$575,000

Cash Flow:  

$40,000

Cash Flow Type:  EBITDA

Inventory:  300000 Equipment & 1500 Inventory

Seller Financing:  Yes

About The Business


Year Established:  2000

Number of Employees:  10 – 19

Relocatable:  No

Franchise:  No

Current Real Estate:  Leased

Property:  Property For Lease

About The Sale


Management Training and Support:  The owner will remain post-closing for 30 days and supply a transitional period.
Reason For Selling:  The owner is absentee cannot continue to maintain the personal service business.

Photos

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Privately Owned Fitness Center Photo 1







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Print Listing Id: 700242944
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Posted by: philco on