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Gym/Spa/Health Club
Current Listing as of 9/7/2010 12:52:17 AM

Ad ID:4737

Business Summary

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Brand new sports club in very busy upscale area of central NJ. Consistent steady growth of 3.24%, 71 new members per month. Average monthly revenue $47K+. All equipment owned ($280K value). 1,000+ active members. Weight Loss programs available, Personal Trainers on staff. Multiple membership levels range from $40-60 per month. Completely brand new 14K sq ft facility, brand new equipment (owned), full service spa under construction (opening late Summer). Childcare services provided to members during workout. Relationships/contracts with multiple local businesses attract new members. Cafe on site for food sales and additional consumables (average $10,000/monthly). Minimal competition from other gyms in 10 mile radius is minimal (others are low budget / low value clubs). Location secure (coding/variance regulations prohibit other gyms/spas). Owner willing to consider holding note if 60% of purchase price is put down. This place must be seen to be truly appreciated.
Website:
Financials (latest 12 months)

Asking Price: $1,250,000.00
Total Revenue: $600,000.00
Net Income: $60,000.00
INCLUDED
NOT INCLUDED
Furniture,Fixtures, & Equipment
$280,000.00
$0.00
Real Estate
$0.00
$0.00
Inventory
$20,000.00
$0.00
l
General Information
Year Established: 1998
Business Location: Cherry Hill, New Jersey
Number of Employees: 19
Facilities: Completely brand new 14K sq ft facility, brand new equipment (owned), full service spa under construction (opening late Summer).
License and Bond Requirements:

 

On The Market
Competition: No other competition within several mile radius.
Growth and Expansion: Full service spa still under construction. Since November 2008, average growth of 3.25% per month. Also has added 70+ members every month for same time period.

 

Sale Information
Financing: Owner willing to hold a note if minimum 60% is put down.
Support and Training:
The Reason For Selling:

 

Contact Information
Contact:
Phone: 856-292-8779
Email: anythingneededfinancial@hotmail.com (All Spam Reported)
This ad has been viewed 1193 times since 7/24/2009 9:21:27 AM.






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