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Neighborhood Health Club
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $160000
Net Profit / Cash Flow $10000
Cash Flow Type EBITDA
Seller Finance No
Year Established 2004
Number of Employees 6 - 9
Inventory 150000
Relocatable Yes
Number of Employees 6 - 9
Real Estate Leased
Training As needed.
Reason for Sale Relocating.
Description Neighborhood health club for sale (5,000 sq ft) with growing training business. Building a health club and training business like this from scratch would probably take more than double what the seller is asking and would take at least a year to get to break-even. Business is currently showing break-even, but potential is definitely there for right ownership. Great rep, excellent location/parking, nice clientele (220 members, 60 PT clients), established base. Included in the purchase will be the right to use the name (trademark pending), materials, web site, programs, etc, for our unique training business that is showing a great deal of promise. The gym membership business basically functions as a sales channel for upselling to classes and one-on-one training, all of which is run according to our unique training model. Due to family circumstances business need to sell quickly. The seller therefore going to sacrifice on the price. They have worked hard to build up the club's reputation and client base, and they really care about their clients, so the seller would be willing to stay on for a short time to help with transitioning clients to the new owners. . This also could be an opportunity for a small gym owner to consolidate businesses, or for a large gym to open a satellite location. All equipment and lease hold improvements included (including 2 new commercial A/C units).
Upscale community of 14,000. Well-maintained shopping center with great parking. Nice niche clientele. Training clients 65% female; club membership 50-50 m/f.
5,000 Sq ft space, Men's locker room with showers, Women's locker room with showers, Office, 14x18 room for private sessions, assessments. Well-maintained shopping center with great parking.
Assets: 6 treadmills, 6 elypticals, 4 bikes, rowing machine. Cybex strength machines, Free weights, benches, Smith Machine. 2 new A/C units ($20k)
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