National Franchise Gym

Middlesex County, NJ

Seller Financing Available

Franchisee Gym
Asking Price:$599,900
Gross Revenue:$880,796
Rent:$26,000/Month
Established Year:2010
Cash Flow:$177,567
Inventory:$1,000
FF&E:$579,625
BUSINESS DESCRIPTION

Wonderful business opportunity for this ultra-modern 25,000 square foot, fully equipped franchise fitness center, gym with a consistent gross yearly income and an increase in the 2024 projected gross income. This state-of-the-art modern facility offers every possible service in the fitness industry, from basic exercise, personal training, to MMA. This business presently has approximately 1,500 registered contract members and is expected to further increase its growth within the next twelve months. The income represents various functions, and approximately 25% of the gross sales is personal training. The build-out cost and high-quality equipment represents a substantial investment which will result in an excellent and continued positive cash flow. This franchise name and brand has been one of the top leaders in the fitness industry for the past 25 years. With hundreds of licensees internationally, the franchise has continued to steadily gain global attention by expanding into additional countries worldwide. The franchise name and logo provide its gym’s instant recognition and credibility associated with an internationally registered trademark and service mark symbolic with quality in the health and fitness industry. The famous logo is a sign of credibility across the country and is a testament to where this company began. The gym trademark is associated with service and quality and is apparent throughout each and every facility. You can be your own boss and fulfill your franchising dreams with the best in fitness with global brand recognition, and multiple revenue streams. This franchise is a premium global sports brand boasting more than 284 million members worldwide. With this brand, the franchise has exceptional growth opportunities, and each model offers the opportunity to drive revenues from multiple sources, membership to retail, private coaching to supplements. This franchise offers a full range of group conditioning and technique focused classes, functional training, personal training, traditional martial arts coaching plus fitness, youth, and family classes – all in a supportive and motivating environment.


DETAILED INFORMATION
Location
Middlesex County, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
25,999
Lease Expiration
01/01/2034
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business is located in Northern New Jersey, in the county of Middlesex which consists of various highly populated and affluent communities. The facility consists of two floors, 25,000 square feet, in an ultra-modern fully equipped state-of-the-art building. This gym has various sections specifically designed for separate functions and services.
Competition
To the best of our knowledge no other new competitors are expected near to this business and the owner has agreed to supply a non-compete agreement to the purchaser.
Growth & Expansion
The business requires an updated marketing system and time to develop with onsite management and improved local advertising to further develop the gross sales.
Financing
Seller financing has been considered to a qualified buyer with an appropriate down pa
Support & Training
The owner will remain post-closing for 30 days and supply a transitional period also the franchise will remain in order to assist the franchisee.
Reason for Selling
The owners have elected to end their partnership and move on to alternative busi
Franchise
This business is an established franchise
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Ron
Cervelli
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Ron Cervelli