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Nov 4, 2019Just built, new fitness center located in Northern, New Jersey, Morris County. The gym is set up to be a self-operational, 24-hour facility. Each member uses a scan card door activation swipe to visit the gym anytime. There is also additional income from a supplement store that continues to grow each month. Their philosophy is with patience and persistence, anyone can achieve realistic goals, including higher self-esteem, confidence, and the body you desire. They strive to create a personal relationship with their clients and to provide encouragement, confidence, motivation, and strength to help members reach their fitness goals. Their goal is to supply the best possible service as a premier fitness center, committed to providing members and employees of all ages a fun, friendly environment. They are committed to promoting a healthy lifestyle through convenient, clean locations, state-of-the-art equipment, programs, and fun activities that provide an exceptional and unique value to their community. The majority of the business income is obtained from monthly membership fees which is a guaranteed income to the company. All of the equipment is in excellent working condition and will be delivered free and clear of any debts. The center continues to develop financially and expects a further increase with the 2019 gross income. This fitness center consists of 2 part time employees who are unaware of the pending sale. The payroll is based on an hourly basis, the staff is unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $800. The business transaction will offer an assignable commercial corporate lease which expires 2023, plus additional options available, with a monthly rent of $4,125 all in, cost per square foot is estimated at $12.55 and rent security of approximately $7,500. The January-August 2019 yearly gross income represented by the seller owner is projected at $95,633 and a net income of $34,000 based on an onsite owner operator, and prior to debt service. Due to several reasons a formal due diligence is recommended. Every December all members are billed a yearly fee of $39.99, which represents approximately $30,000 additional gross income. This is an excellent business opportunity which can be operated either as an on-site owner operator or a semi absentee investor. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

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