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Brand New Franchise Gym in Bergen County, NJ

Bergen County, NJ

Brand New Franchise Gym in Bergen County, NJ
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Asking Price: $2,000,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $710,000

Inventory: $5,000*

Rent: $24,000 /Month

Established: 2019

*not included in asking price.

Brand New Franchise Gym in Bergen County, NJ

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Business Description

Ground Floor Opportunity

This 20,000 sq. ft. franchise gym opened in January 2019 and includes all the latest amenities. It has an exclusive covered parking lot for members and guests, is fully staffed, and is located in a densely populated area in Bergen County, NJ, only minutes from Manhattan. There is easy access from a major highway or through town.The owners went over the top and spared no expense to build a first class facility It already has a solid member base which is steadily growing. Reviews are pouring in extolling the cleanliness and upbeat atmosphere and amenities. . There is no other gym like it in the area with the same amenities or membership options. Fantastic lease of only $24,000 per month for 20,000 sq. ft.

Detailed Information

Location:
Bergen County, NJ
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
20,000
Lease Expiration:
N/A
Employees:
27
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
Local competitor has higher membership rates and lower ratings which makes it a feeder gym for this location as clients annual memberships expire.
Growth & Expansion:
With little discernible competition, the future for this gym is as bright as first envisioned by the partners when they originally chose this site. Iast has taken 3 years from concept to this point and now the operating partner needs to relocate. New owner can take advantage of all the hard work and enjoy the profit.
Support & Training:
4 weeks
Reason for Selling:
Operating Partner needs to relocate
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(from currently available funds)
 
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Marc Lazarus

Business Listed By:
Marc Lazarus

Transworld Business Advisors

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