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Fitness Center Near Giant Stadium
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $225000
Net Profit / Cash Flow $45000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2010
Number of Employees 1 - 3
Inventory $150,000 equipment & $1,200 inventory.
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training The Seller will supply long term training and will remain 30 days post closing.
Reason for Sale Full time work responsibility in an alternative industry and out of the immediate area.
Description Three years young modern Fitness Center located in an active, urban area of Bergen County, NJ. This center consists of 6,000 square feet and is fully equipped with all the necessary amenities for a successful gym business. The business is conveniently located in the heart of a busy urban city, on an active county road and minutes from the Meadowlands stadium. The business is approximately 3 years young and has approximately 225 members presently with enrollment expanding every week. The current owner s build out cost was approximately $225,000 in order to provide the best possible equipment and professional layout. Due to his work responsibility the owner is now absentee, with an alternative business responsibilities, desires to reduce his workload, has priced the business aggressively with a modest down payment and long term seller financing offered. This is a most unusual opportunity due to the price and financing terms. Based on the asking price, required down payment and net income this business should supply a 20% return to the owner operator prior to debt service. Located near the NJ Giants Stadium in Bergen County and on an active commercial avenue for convenient access to its members. The general area consists of various urban communities that demand this particular service. The facility, which is 3 years new, consists of two floors with a clean ultra modern appearance. All equipment is state of the art and represents a substantial build out cost to the existing owner. This Gym has an attractive, modern image which consists of different sections for individualized activities.
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