Business Overview

Fitness Center established, busy street, high traffic count. Amply off street parking. Center offers, group and personal one on one training instructions. Open 7 days weekly. Also included is a separate attached cafe/ restaurant, serving health meals and drinks. Cafe can be kept or sold off separately. Client list with over 700 members. With over 100 active members. The potential is unlimited. Owner has other interest and is open to offers. Owner financing is available to qualified buyer.
1st floor, total operations, cafe, restaurant, fitness center are all connected, but can be separate units, each have there own entrances.

Financial

  • Asking Price: $129,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: $40,000
  • Inventory: $2,000
  • Inventory Included: Yes
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:4,200
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

other interests

Additional Info

The transaction will include inventory valued at $2,000, which is included in the listing price.

The business has 5 employees and is located in a building with disclosed square footage of 4,200 sq ft.
The property is leased by the business for $2,500 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why people choose to sell operating businesses. Nonetheless, the real factor and the one they say to you might be 2 entirely different things. As an example, they might say "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these might simply be excuses to try to conceal the reality of altering demographics, increased competition, recent reduction in profits, or a variety of various other factors. This is why it is really essential that you not count totally on a seller's word, however instead, make use of the vendor's answer in conjunction with your total due diligence. This will paint a more practical image of the business's present scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses finance loans so as to cover items like stock, payroll, accounts payable, and so on. Remember that in some cases this can imply that profit margins are too thin. Lots of organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that must be satisfied or might result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area bring in brand-new clients? Many times, companies have repeat clients, which create the core of their everyday revenues. Specific factors such as new competitors sprouting up around the area, road construction, and also staff turn over can affect repeat consumers as well as negatively influence future profits. One essential point to consider is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the greater the opportunity to build a returning customer base. A last thought is the general location demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? Just how might the regional median home income impact future revenue potential?