Listing ID: 77373
Founded in 2015, StretchLab is a leading assisted stretching brand, offering one-on-one and group stretch services for all ages and fitness levels.
StretchLab offers consumers more ways to reduce their risk of injury, regain mobility, improve flexibility and range of motion, and reclaim their freedom.
There are no gimmicks or complicated equipment, just a simple, fresh solution for every-body, no matter why they enter our doors. Referred to as “the next dominator in the fitness industry” by New York Times, assisted-stretching has gained national attention, with StretchLab being complementary to both wellness and boutique fitness. So if you are interested in learning more about how you can take advantage of this new approach to health, please contact us today!
- Asking Price: $227,983
- Cash Flow: $42,086
- Gross Revenue: $441,232
- EBITDA: N/A
- FF&E: $62,673
- Inventory: $2,789
- Inventory Included: Yes
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:11
- Furniture, Fixtures and Equipment:N/A
This business has a leased location of 1,185 square feet with a total monthly rental of $8,696. The seller is active in business with 11 PT employee. Hours of operation are Mon - Fri 8 AM - 7 PM, Sat -Sun 9 AM - 2 PM, 7 Days a Week. Included in asking price are $2,789 in inventory and $62,673 in equipment and fixtures.
Change of personal circumstances
The venture was established in 2018, making the business 4 years old.
The transaction does include inventory valued at $2,789, which is included in the listing price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell businesses. However, the real reason vs the one they tell you might be 2 completely different things. For instance, they might claim "I have a lot of various commitments" or "I am retiring". For many sellers, these factors are valid. But also, for some, these may simply be justifications to try to conceal the reality of altering demographics, increased competitors, current reduction in profits, or an array of various other factors. This is why it is really vital that you not rely totally on a vendor's word, but rather, utilize the vendor's solution together with your overall due diligence. This will repaint an extra sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies take out loans so as to cover things such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can suggest that revenue margins are too tight. Lots of businesses fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that need to be satisfied or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in brand-new clients? Often times, businesses have repeat consumers, which create the core of their daily revenues. Particular variables such as brand-new competition sprouting up around the area, roadway construction, and employee turn over can impact repeat clients and negatively impact future profits. One vital thing to consider is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the better the possibility to construct a returning consumer base. A last thought is the general location demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? Exactly how might the local mean family earnings effect future earnings potential?