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Gym Franchise For Sale

Passaic County, NJ

Seller Financing Available
Gym Franchise For Sale
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Asking Price: $250,000

Cash Flow: $88,459

Gross Revenue: $292,053

EBITDA: $88,459

FF&E: $25,000

Inventory: N/A

Established: 2016

Gym Franchise For Sale

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Business Description

Rapidly growing Fitness Franchise Location For Sale

Located in a busy Strip Center, this well known name in Gym Franchises has been in business for 2 and half years and has a membership of over 200 members. The business has potential for growth. Facility is in great condition and equipment is like new.(Primarily consists of free weights) Sale includes the rights to the franchise (subject to approval by the franchise) Based on existing membership new owner can anticipate a net income of over 80,000 dollars a year. Owner owns several locations and this one is too far away from home. Buyer is not obligated to purchase the rights to the franchise, net operating income would be increased by 30K by eliminating the franchise fee.

Detailed Information

Passaic County, NJ
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
3,000 sq. ft fully equipped gym ( equipment is specific to the brand of Franchise ). Franchise can be included or excluded from sale
There is a martial arts facility located in the same strip mall but the membership at this location continues to grow.
Growth & Expansion:
There is a second location within a five mile radius that the seller is interested in selling as well.
For Qualified buyer with good credit score and strong financials
Support & Training:
Owner will spend minimum of two weeks in teaching the new owner the ins and outs of operating the facility .
Reason for Selling:
Too far to travel every day.
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Marianne Strahl

Business Listed By:
Jack Fisk

New Jersey Realty, LLC

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