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 location : 27,000 foot modern building. 20+ years left on a below market lease. This facility has been updated and includes exercise, cardio fitness equipment, strength training, spn cylces and lots more.

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 opportunities : 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.

Support and training : 2 weeks or longer if needed.
Price:
$1,200,000
Cash flow:
$365,500
Revenue:
$1,387,635
Seller financial available: Yes
Work from home: No
Franchise: N/A
Year established: 1998
Employees: 3
Date: Tue 24 May 2011

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