Business Overview

Fitness – Bootcamp type innovative fitness with huge opportunity, long history, many options, absentee type ownership

7 years, taken as far as he can

30 min and develop the body you want!

New owner, new marketing, fresh start

Financial

  • Asking Price: $95,000
  • Cash Flow: $49,827
  • Gross Revenue: $350,424
  • EBITDA: N/A
  • FF&E: $75,000
  • Inventory: $100
  • Inventory Included: Yes
  • Established: 2013

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,900
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

other interests

Additional Info

The business was started in 2013, making the business 9 years old.
The transaction will include inventory valued at $100, which is included in the listing price.

The business has 1 employees and is situated in a building with approx. square footage of 2,900 sq ft.
The real estate is leased by the company for $7,800 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people choose to sell operating businesses. Nevertheless, the real factor vs the one they tell you might be 2 entirely different things. As an example, they may say "I have a lot of various commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might just be justifications to try to conceal the reality of changing demographics, increased competition, current decrease in revenues, or a range of various other reasons. This is why it is extremely crucial that you not count totally on a vendor's word, yet rather, make use of the vendor's response combined with your general due diligence. This will paint a more practical image of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of companies finance loans in order to cover things like supplies, payroll, accounts payable, and so on. Keep in mind that sometimes this can imply that earnings margins are too tight. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that must be fulfilled or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area draw in brand-new customers? Many times, businesses have repeat clients, which create the core of their everyday earnings. Certain elements such as brand-new competition growing up around the area, road construction, and staff turnover can influence repeat clients and also negatively affect future profits. One essential thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business often, the higher the possibility to construct a returning client base. A last thought is the general location demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? Exactly how might the neighborhood typical household earnings influence future earnings prospects?