Exclusive Sports Club in Morris County - 33158 Business Type: absentee business,spa / dayspa / skin care,sporting goods/ exercise/ gyms,gym/health club
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $399,000 | Down Payment | $200,000 |
| Gross Revenues | $513,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $105,031 | Number of FT Employees | Register Free to View |
Financing
$200,000 Down and 199k at 5% over 36 months.
Business Description
Here is a chance to start your own business, be your own boss and have fun doing it. This exclusive sports club and spa with top notch amenities and services that include beautiful indoor and outdoor swimming areas, tons of work-out equipment, saunas, tubs, heated pool, massages, trainers, classes, pool parties and much more is up for sale. The club is over 25,000 SQFT in an upscale attractive location with low rent and a landlord who will contribute towards tenant improvements. The gym is currently operating completely absentee, in prior years, the owner was hands-on, and was doing over 700k in sales! This is a great opportunity for an owner operator to grow the business by bringing in more members adding new services and scale this business to its tremendous capability. Potential buyer will have to provide proof of funds and be financially qualified by the strategic partner landlord. Seller financing available! Owner lives out of state and is VERY motivated to sell. Please reach out to broker for more information.
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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
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