Listing ID: 67460
This little gem has a super loyal customer base, who have almost all lost 5-20 pounds or more. The instructors are great and love what they do. Their professional approach to training and diet keeps members coming back month after month.
The secret sauce, creating the sustained profitability, is the owner’s, deep knowledge of digital marketing and his sophisticated marketing strategy. His fulltime job is advising companies about their digital marketing, and he is willing to invest time in training, a future owner, in this valuable science.
For information, please call Jeff Neuburg 703-623-5575.
- Asking Price: $125,000
- Cash Flow: $150,000
- Gross Revenue: $400,000
- EBITDA: N/A
- FF&E: $25,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
2000 sq ft training area with the latest training equipment
2 weeks plus additional help if needed
Focusing full time on his digital marketing company
The venture was founded in 2013, making the business 9 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell operating businesses. Nonetheless, the genuine factor and the one they tell you might be 2 absolutely different things. For instance, they may say "I have way too many various responsibilities" or "I am retiring". For many sellers, these factors are valid. However, for some, these may just be justifications to try to conceal the reality of transforming demographics, increased competition, current reduction in revenues, or an array of various other factors. This is why it is very important that you not count entirely on a seller's word, but rather, use the seller's answer together with your overall due diligence. This will paint an extra sensible image of the business's current situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies take out loans in order to cover items such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that revenue margins are too thin. Many companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that need to be met or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location attract brand-new clients? Many times, companies have repeat customers, which create the core of their day-to-day revenues. Certain factors such as brand-new competition sprouting up around the area, road building and construction, as well as employee turnover can influence repeat customers and negatively affect future revenues. One essential thing to think about is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business regularly, the higher the opportunity to develop a returning consumer base. A final idea is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? Exactly how might the neighborhood median home earnings effect future income prospects?