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GoldsGymNJSummary

BUSINESS SUMMARY

HIGHLY PROFITABLE GOLD'S GYM FRANCHISE

Business Description
Step into ownership of a highly profitable Gold’s Gym franchise in Nothern New Jersey - a premier fitness destination that stands out from the competition. Unlike other gyms in the area, this location offers a strong emphasis on strength training and bodybuilding, making it the go-to choice for serious athletes, bodybuilders, and fitness enthusiasts.

The gym’s members enjoy access to newly updated state-of-the-art strength equipment, basketball court, a versatile functional training area, and a dedicated spin studio, creating a dynamic environment that caters to every fitness goal. With Gold’s Gym’s world-renowned brand recognition, established membership base, and comprehensive amenities, this franchise delivers both community impact and exceptional business potential.

Don’t miss your chance to own a powerhouse in the fitness industry—a Gold’s Gym that’s built for strength, growth, and success.

DETAILS

Location: Totowa, NJ

Industry: Fitness

Total Sales: $1,607,000

Cash Flow: $573,000

Employees: 25

Real Estate: Leased / 30,000 sq. ft.

Rent: $41,040 / Month

Furniture, Fixtures, & Equipment (FF&E): $1,000,000
Included in asking price.

Facilities: This franchise operates in a freestanding building with excellent visibility and access, located right off I-80. The spacious facility offers strong potential but would benefit from a few more updates and renovations, creating an opportunity for a new owner to modernize the space and maximize its appeal.

Competition: Nearby competitors include LA Fitness, UFC Fit, Retro Fitness, and Crunch. However, Gold’s Gym stands apart as the original authority in strength training and bodybuilding, backed by decades of global brand recognition and trust. Unlike others, this location combines specialized strength and bodybuilding equipment with premium amenities such as a basketball court, spin studio, and functional training areas—features that create a more well-rounded, results-driven experience. Gold’s Gym offers the heritage and expertise that competitors can’t match.

Growth & Expansion: This Gold’s Gym location offers exciting growth potential through strategic renovations and upgraded equipment. By modernizing select areas of the facility and expanding with new, state-of-the-art machines, an owner can attract even more members and enhance retention. With demand for strength training, functional fitness, and premium amenities on the rise, continued investment in the space will position this franchise for long-term growth and increased profitability.

Support & Training: Gold’s Gym provides comprehensive training and ongoing support in operations, sales, marketing, and staff management. Franchisees also benefit from regional assistance, proven marketing strategies, and industry-leading systems, all backed by the strength of a globally recognized brand.With Gold’s Gym, you’re never on your own—you’re backed by a dedicated network.

Reason for Selling: Owner is pursuing other business ventures.

Year Started: 1997

Asking Price: $1,500,000

GoldsGymNJRecast

FINANCIAL RECAST

This FINANCIAL RECASTING WORKSHEET below his for the business you are reviewing. It has been prepared to determine total adjusted net profit (Cash Flow) available for one full-time working owner once personal (non-business) expenses and one-time non-recurring expenses have been removed. This is not a "pro forma" worksheet. These are real expenses pulled from the company's financial statements and added to profit. Check out the sample video link for more details.

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we determined adjusted net profit