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Listing ID: 2370251

Gym And Fitness Center - Bargain For First Time Buyer! For Sale

Morris, New Jersey, United States

$ 250,000

Revenue: $ 897,872

Cash Flow: $ 111,933

Business Description

This gym has been providing quality programs & services with superior facilities as a full service personal training gym in and around the Northern New Jersey area. Whatever you're looking for in a health and fitness business, you'll find it here. This is full service fitness center combines a full range of fitness and exercise equipment and facilities with professional trainers, personally tailored programs, and group health and fitness classes. This business is a compelling opportunity and won’t last long.

Property Details

Size:

7000 Sq. Ft.

Years Established:

5

Property Type:

Lease

Other Details

Business Location:

The location is 7,000 square feet setup for customized training programs and classes setup for this exclusive membership. There is an opportunity to expand at the current location. Very affluent area and is easily located from all major roads in the county.

Competition:

There are "big box" franchise gyms in the areas but none that specialize in customized one on one training like this gym offers.

Expansion Potential:

Ready for an expansion and has room to grow! The business is very profitable so cash flow is there to fund it. This branded concept can be expanded to other locations in the region. A new owner looking to get into the fitness industry does not look to any further!

Operation Details

Employees:

1 FT/ 21 PT

Trading Hours:

Mon/Wed 5am-9pm; Tues/Thurs/Fri 5am-8pm; Sat 7-1

Support & Training:

Will train for 2 weeks @ no cost. The product offered at this gym is personalized service- one on one and small class training programs. Boot camp, weight loss, Pilates, boxing, and other popular classes with top notch trainers. The new owner will inherit a very loyal and stable clientele to build-on.

Miscellaneous

Reason For Selling:

The owner is relocating out of state but will stay on to transition the business to the new owner.

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