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Long Established Profitable Health Club

Businesses for Sale in New Jersey, Entertainment & Recreation for sale

Business Id : BSM901

Location : New Jersey > >

Category : Entertainment & Recreation >

Website Link : N/A

Business Detail

Asking Price :

$1,200,000

Sales revenue :

$1,387,635

Inventory :

Cash Flow :

$365,500

Status of Business :

For Sale

Relocatable :

Business closed :

Home based :

Employees :

Year Established :

1998

Summary :

This is a rare opportunity for someone to acquire one of the premier health clubs in the state of New Jersey. This club has been thriving for the last 15 years. A prime location in North Jersey with a long term 20+ year lease. It's 27,000 square feet include the latest cardio, strength training, exorcise, spin and a lot more. It is also one of the few clubs in the state with
racquetball courts. All of the equipment is owned and their are no leases to assume. There are approximately 2500 members with a $55,000 monthly electronic funds transfer draft. This is
a great opportunity for an investor with a strong manager or a working owner that wants to be in the health club business. This business won't last long with a strong history of earnings in an industry forecasted to grow in the next 5 years.

Business Competition :

This gym is located on a main avenue with the nearest full service gym 3-5 miles away. This club is one of the few health clubs in Northern Jersey with racquet sports. This gym's lease makes it very difficult for a competitor to open nearby.

Business Expansion :

The industry is projected to grow 5% per year over the next 5 years. Most Americans no longer consider health club memberships discretionary. Increased advertising will always boost a club's membership.

Reasons for Selling :

Available upon Request.

Uploaded Documents:

Available upon Request.

Contact Information :