Bergen County, NJ

Franchise Gym
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Asking Price: $235,000

Cash Flow: $91,962

Gross Revenue: $177,524

EBITDA: N/A

FF&E: $100,000

Inventory: N/A

Rent: $5,100 /Month

Established: 2017

Franchise Gym

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Business Description

Personal training fitness center located in Northern New Jersey Bergen County. The company’s philosophy is to offer a 10-week body transformation system designed to make fast and lasting changes to their members appearance. This fitness program incorporates cardio training and strength training in order to burn fat and increase strength at the same time and their classes are designed for people of all fitness levels. Their instructors are trained to break an exercise down and provide modifications, so everyone is challenged and working to their own highest potential. Their nutritional plan is based around three keys to nutritional success: the right foods, the right portions and the right timing. This franchise now has thousands of members participate and the results have been amazing. Their clients have made quick and lasting changes to their health and fitness that has led to amazing feedback. The franchise is excited to continue to bring this program to new communities and look forward to improving lives throughout the country and the world. This fitness franchise company consist of seven full & part time employees who are unaware of the pending sale. The payroll is based on an hourly basis scale, and weekly base salaries, the staff is unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $4,500. The business transaction will offer an assignable commercial corporate lease which expires 2023, plus additional options available, with a monthly base rent of $5,100, cost per square foot is estimated at $18.46 and rent security of approximately $10,000. The business has been valued / priced at $235,000 which is based on the seller’s representation of a multiple of the net yearly income which includes the value of the specific business assets. Purchaser is responsible for the franchise transfer fee. Also, possible seller financing may be available to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

Attached Documents


Detailed Information

Location:
Bergen County, NJ
Real Estate:
Leased
Building SF:
3,315
Lease Expiration:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This successful retail facility which consist of approximately 3,315 square feet have a modern professional appearance. The business is in a mid-size commercial mall with other active retail businesses. This opportunity is in Northern New Jersey, Bergen County, which consists of various affluent and highly populated communities with continued demand for this personal service.
Competition:
To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth & Expansion:
The business opportunity can be further expanded by improving the existing marketing plan and the local advertising. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.
Financing:
May be available to a qualified buyer with an appropriate down payment.
Support & Training:
The seller will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, the franchise requires training all new franchisees prior to purchasing.
Reason for Selling:
The purpose of this business transaction is due to the owner’s retirement.
Franchise:
This business is an established franchise
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(from currently available funds)
 
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Ron Cervelli

Business Listed By:
Customer Service

Regal Consulting Corp.

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