- State: New Jersey
- Country: United States
- Listed: April 3, 2019 6:28 pm
- Expires: 339 days, 13 hours
This business is priced right and will move quickly – so act fast! Beautiful full-fitness boutique gym with premium construction, focused on studio classes, personal training, group training and amenities, and just for women. Womens fitness has existed in this space for 26 years, with a brand new ‘gym’ since May 2016. Continuously profitable with tremendous potential for revenue, excellent and supportive landlords, below market rent, incredible location. Voted Best in the county for Gyms and Specialty Classes categories first two years in business. Named fitness partner for the largest event in the county – Making Strides against breast cancer. Make a difference for women in the community; with unlimited earning potential!
Asking Price: $549,000
Annual Sales: $607,000
Cash Flow: $175,000
Business Location: Great location on major roadway, with well lit parking
Business State: New Jersey
Active Members: 685+
Average Dues: $48.33
Facility Size: 6000 sq ft
Year Established: 2016
Employees: 16 + instructors as 1099s
Seller Financing Available: Negotiable
About the Competition: The gym is the only women’s fitness in the area. Other area competitors are Retro Fitness, Orangetheory, and 24 Hour Fitness, and Paramus Blink
The gym has been consistently profitable since opening and had been voted best in the county. Location has a large potential for growth!
Support Training: Yes, negotiable
Reason For Selling: To focus on other businesses
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.
When is it Time to Sell Your Health Club or Gym?
Many 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
- 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
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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