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$199,000

Sold*Sold New Jersey Women’s Fitness / Group Training Studio for Sale | Gym for Sale | Health Club for Sale

  • City: Middlesex County
  • State: New Jersey
  • Listed: October 23, 2013 4:33 pm
  • Expires: This ad has expired

Description

Sold Sold Sold

Recently renovated facility boasts over 850 members. Ideal for a conversion to co-ed or run as is.

Located in Middlesex County, New Jersey

Financial Information

Asking Price:
199,000
Gross Sales:
450,000
Cash Flow:
50,000 + add backs

Business Information

Established:
1981
Facility Sq. Ft.
6,800
Employees:
4 full time and 15 part time
Members:
850+
Franchise:
No

Financing Available

Yes

Support/Training

Yes

Growth/Expansion

Great population density in excess of 100,000 women in a 5 mile radius.

Competition

Yes, others clubs in the area.

Reason For Selling

Retirement (currently semi-retired)

Listing ID: 722526a5cf581225

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A Recommendation of Jim Thomas, President of Fitness Management and Consulting

by Norm Cates, Club Insider Publisher and Tribal Leader Since 1993

Jim Thomas is a talented, experienced, dedicated, determined, and very professional expert in the health, racquet and sportsclub industry. A club industry veteran of over 30 years, Jim has been a Club Insider Contributing Author since March of 2006, when he joined our Club Insider Contributing Author Team. During that time Jim has written and contributed 50 articles which have been published during our 284 months of Club Insider publishing. Jim Thomas is a truly great asset to our publication, and to our wonderful industry, and he can be trusted to deliver great results, over and over, no matter what the challenge.

214-629-7223

Call Today

Broker Services

When is it Time to Sell Your Health Club or Gym?

gymsaleMany factors will tell you when it is time:

  • Owner’s “burn out” Owner’s or key employee’s health problems
  • Business relocation or rerouting of expressways
  • Lease expires and you do not want to renew for another term
  • Changing technology Get estate in order
  • Not interested in investing long-term capital
  • Children do not want to enter family business
  • Under-capitalized
  • Largest accounts in financial difficulty
  • Bank unwilling to renew credit lines
  • Supplier problems
  • Staff problems
  • Customer’s habits changing
  • Seeks retirement
  • Wants to cash out and go fishing

Learn More

Whatever the reason, you will need to plan an orderly transition to new ownership with less involvement on your part.

For more info, please call us at 214-629-7223.

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Testimonials

We sold our health club within 4 weeks - Thanks!

Shawn T.