24 Hour Fitness Franchise For Sale
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $238000
Net Profit / Cash Flow $39000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2008
Number of Employees 1 - 3
Inventory $100000 equipment only.
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will remain 30 days post closing for training.
Reason for Sale Alternate businesses and seller cannot devote required time.
Description Beautiful and well known fitness franchise in a very affluent area of Bergen County, NJ. The facility is 2,630 square feet and fully equip with new state of the art fitness machines and tanning services. The center is located in a shopping center on a busy country road among several other businesses. This international franchise is approximately 10 years old, with over 1,200 locations. The new owner will acquire the existing lease which expires in 2018 with a 5 year extension. The business generated a 2011 gross income of $238,000 and the owner can verify a net income of approximately $39,000. This is an excellent opportunity and priced to sell. This business is located in an active long standing strip mall with heavy foot traffic on a populated county road. This facility is 2,630 square feet on one main floor with state of the art equipment and a very clean, modern image.
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