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Asking PriceUndisclosed
Revenue$496,536 Established2010
Cash Flow$104,000 Employees6 full-time
FF&E$370,000* FranchiseNo
Inventory$2,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Retro Fitness puts you in the right space at the right time. Even during times of economic challenges, the fitness center industry remains strong. In fact, U.S. health club industry revenues for 2013 totaled $22.4 billion. And industry analysts predict a steady growth in the demand for health, wellness and fitness among all demographic groups-from Millennials to Baby Boomers. Retro Fitness offers you an incredible opportunity to leverage the potential of the fitness industry and is currently on track to grow to 700+ locations by 2020. Only a third of Retro Fitness owners are owner/operators. The rest leave the day-to-day operation of the club to their trusted managers and staff, with the ongoing assistance of Retro Fitness corporate. The current franchise owners come from diverse industries and backgrounds. But they have one thing in common: they were looking for an outstanding investment opportunity that would benefit themselves and their families. And they were looking for that balance between lifestyle and business investment, and they found it with Retro Fitness. State of the art facility to get and stay fit for just $19.99 per month. Each club provides members a one-stop-shop with everything from cardio to weight training, group classes to child sitting. Predictable monthly income from membership base. Multiple revenue centers including Retro Blends Juice Bar, Personal Training and Group Fitness grow bottom line earnings. A flexible, manager run business with a streamlined and simple set of operations. Dedicated support from industry experts in every stage of development to ensure a smooth road to success. People are watching their pocketbooks and waistlines today more than ever. Ideal for a high value, low cost gym concept like Retro Fitness. This industry requires franchise approval to purchase. This business has six full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $14,800. The business has an assignable commercial lease which expires 2025-01-01 plus additional options, with a monthly rent of $11,600 and rent security $20,000. The business is in a commercial mall which consists of 11,000 square feet has a capacity for approximately 175 customers. The business assets have an estimated value of $370,000 which consists of a fully equipped fitness gym and the sale includes an assortment of equipment, displays, accounting software, separate bathrooms and showers, including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private mall parking on site as part of the commercial lease. The business is active seven days per week, with hours from 5:00 am to 11:00 pm. This transaction will include franchise approval, a certificate of occupancy from the particular municipality and the required state or city licenses to conduct its day to day business. The 2017 yearly gross income is $493,536 and the business has a yearly net income of $104,000 based on an owner operator and prior to debt service. The business has been valued at a multiple of the net yearly income including the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is an excellent business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:The facility consists of 11,000 square feet, 1871 members, with a modern professional appearance and the business is located in a commercial mall for customer convenience. This opportunity is located in Northern New Jersey, which consists of various highly populated communities with continued demand for this particular service.
Competition:Due to franchise non-compete no other Retro gyms will be opened in this area, also to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth Potential:The business presently has a basic marketing plan web site, however further promotions and personal training can be instituted in order to improve the gross income.
Training/Support:The seller owner who is semi absentee and will remain post-closing in order to supply an appropriate transitional period to the new operator.
Seller Financing:Can be available to a qualified buyer with an appropriate down payment.
Sale Reason:The present owner is absentee with full time employment.
Ad #103380
Seller Reference #FITN253
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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