Listing ID: 67616
This is a franchised 24 hour fitness center, located in one of the most lucrative areas of the country. Just down the road from the new Amazon HQ, this business has been profitable for more than 10 years. If you’ve ever wanted to get into the fitness business, this will be your best opportunity. Second nearby location also available.
Call Jeff Neuburg 703-623-5575
- Asking Price: $180,000
- Cash Flow: $110,000
- Gross Revenue: $276,000
- EBITDA: N/A
- FF&E: $150,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2009
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,250
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Full line of the latest machines , weights, cardio, entertainment, etc.
Owner has other business interests.
The venture was founded in 2009, making the business 13 years old.
The company has 4 employees and resides in a building with estimated square footage of 2,250 sq ft.
The real estate is leased by the business for $7,850 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell businesses. Nevertheless, the genuine factor and the one they tell you may be 2 absolutely different things. As an example, they might say "I have way too many various responsibilities" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may simply be excuses to attempt to conceal the reality of changing demographics, increased competitors, recent decrease in earnings, or an array of other factors. This is why it is very important that you not depend absolutely on a seller's word, yet instead, make use of the seller's answer in conjunction with your overall due diligence. This will repaint an extra sensible image of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses finance loans with the purpose of covering things such as stock, payroll, accounts payable, etc. Remember that occasionally this can mean that earnings margins are too tight. Lots of organisations fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that must be met or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area attract brand-new clients? Many times, businesses have repeat customers, which create the core of their everyday profits. Certain variables such as brand-new competition sprouting up around the location, roadway building, and also personnel turnover can affect repeat customers and also negatively influence future incomes. One crucial thing to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business often, the better the possibility to construct a returning consumer base. A last idea is the general location demographics. Is the business located in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood typical family income effect future revenue potential?