Union County Fitness Center and Spa
Union County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $895,000 |
$1,100,000 |
$156,340 |
Furniture and Fixtures Value:
$526,000 (included in the asking price)
Business Summary:
This 17,000 sq ft fitness complex serves a women-only and unisex clientele in North Central New Jersey. The location is ideal and parking is tremendous. Fitness equipment included free weight and cardiovascular machines. Ten percent of sales are derived from spa-type therapies, various cardio fitness programs available for TRX, Spinning, Zumba, and Yoga. The premises are state of the art from appointed from the high tech equipment to the lavish dressing and wet areas. The staff is professionally trained and certified instructions accommodate its vast clientele of over 1100 members-75% of which are EFT. There are additional revenue streams from juice bar and grille as well as Physical therapy suite which can generate over $5000 in rental income.
|
|
| |
|
| |
|
| Year
Business was Established: 1991 |
| |
|
| Number of Employees:
15 |
|
| |
|
| Facilities / Terms of Lease:
17,000 sq ft fitness center, parking for 200+. New lease for 5 years with 5 year option. Ideally located in busy shopping center.
|
|
| |
|
| Potential
Growth/Expansion:
Limited- Profit centers for physical therapist, restaurant, or other preferred service yield $5000 additional |
|
| |
|
| Competition:
Very Little |
|
| |
|
| Reason for selling:
Retirement |
|
|
|
| REQUEST MORE INFO |
 |
|
