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#Business ID: 20233

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Fitness Center & Spa

Business Location: Union, New Jersey, United States

Asking Price: $ 895,000 Revenue: $ 1,100,000 Cash Flow: $ 156,340

Business Summary

This 17,000 square foot 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.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Additional Details:

The property is leased.
This is not a home based business opportunity.
This is not a franchise resale opportunity.

Property Details

Years Established:

1991

Property Type:

Lease

FF&E:

$ 526,000

Other Business Details

Premise Details:

17,000 square foot fitness center, parking for 200+. New lease for 5 years with 5 year option. Ideally located in busy shopping center.

Competition:

Very Little.

Business Operation Details

Employees:

15

Support & Training:

The owner is not willing to train/ assist the new owner.

Miscellaneous Details

Reason For Selling:

Retirement.

Contact this seller

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