Hudson County Fitness + Parking + Seller Financing
Listing Number: 60372-224648
Listing Details
- Down Payment: $125,000
- Sales: $458,912
- Seller's Discretionary Earnings: $104,242
- Inventory: $0
- Furniture, Fixtures, and Equipment: $75,000
- Employees: 8
- Year Established: 2008
- Reason for Selling: New Business Direction
Business Description
One of the only standalone fitness buildings with dedicated parking in this market. 18 years in operation, no business debt, and fitness-use zoning already approved. Priced for an owner-operator.
The location is what this market can’t solve: Competitors here operate in mixed-use buildings with residential tenants, noise limits, and landlords who restrict permitted uses. This is a standalone building on its own lot, with room for outdoor programming and no residential adjacency. Fitness-use zoning was approved in 2022 through full legal, architectural, and municipal review. That work is done and transfers.
Fully equipped, owned outright: Approximately 2,400 square feet. Rogue Monster Lite rig, 6 Concept2 SkiErgs, 6 BikeErgs, 4 Assault Air Runners, 2 Assault Bikes, 24 barbells, and a full Rogue dumbbell, plate, and kettlebell set. Updated bathroom and shower, electrical, lighting, camera system, and keyless entry. 2,200 square feet of heavy-duty flooring. No equipment financing to assume. FF&E estimated at $75,000, included in the price.
Priced for a working owner: The business is currently run fully absentee. The owners take no salary and spend roughly 6 hours per week on it, so the payroll carries a manager, two full-time coaches, and five part-time staff. Labor runs close to 59% of revenue.
For an owner-operator, the economics are different, with the potential to absorb half the administrative load. Additionally, adjusting rates and passing card processing fees through to members brings normalized cash flow to approximately $166,035. The asking price is 1.5 times that figure.
A complete line-by-line build tied to the trailing twelve months is provided under NDA so buyers can test every assumption. This is an owner-operator opportunity; a buyer who intends to keep the current staffing model should underwrite the trailing statements instead.
Room to grow: The cash flow model assumes no growth. Advertising ran under $3,300 for the year with no paid acquisition of any kind. HYROX programming, kids camps and birthday parties, personal training, nutrition coaching, corporate wellness, merchandise, and a fuller event calendar are all open to a new owner.
Terms: $250,000, asset sale. Seller financing up to $125,000 to a qualified buyer. Eight weeks of seller training and transition support - seller is willing to extend if needed.
Financials provided to qualified buyers under NDA.
