Listing ID: 81404
This gym is a community/family training and conditioning facility with recurring monthly revenue and substantial growth opportunities. The gym offers unique and fun classes for men, women, kids, and families of all ages and all fitness levels. The facility also offers state-of-the-art weight workout and cardio equipment for all exercise needs and is equipped with full locker rooms and showers.
Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or the Contact Seller button or email Kurt Okraski at firstname.lastname@example.org to receive a confidentiality agreement and learn more about this opportunity.
- Asking Price: $375,000
- Cash Flow: N/A
- Gross Revenue: $602,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:11,000
- Lot Size:N/A
- Total Number of Employees:11
- Furniture, Fixtures and Equipment:N/A
Located in Desirable, Busy Shopping Center with Ample Parking Beautiful facility with state-of-the-art equipment.
Seller will provide training at no cost to qualified buyer. Additional Franchise Training Required
Main Competition is the other gyms and fitness centers in the area.
New classes can be offered expanding the number of members in the classes and the gym at any given time. Large growth potential in youth programs and classes.
The business was founded in 2017, making the business 5 years old.
The company has 11 employees and is situated in a building with estimated square footage of 11,000 sq ft.
The property is leased by the company for $16,550 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell operating businesses. Nonetheless, the true reason and the one they say to you might be 2 totally different things. For instance, they may state "I have a lot of other obligations" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might just be reasons to try to hide the reality of altering demographics, increased competitors, recent reduction in revenues, or an array of other reasons. This is why it is really important that you not rely totally on a vendor's word, yet instead, use the seller's solution in conjunction with your overall due diligence. This will paint an extra sensible picture of the business's present situation.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Lots of companies borrow money in order to cover items such as stock, payroll, accounts payable, etc. Remember that occasionally this can imply that earnings margins are too small. Numerous companies fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that have to be met or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in new clients? Many times, operating businesses have repeat customers, which develop the core of their daily profits. Particular elements such as brand-new competition growing up around the location, roadway building and construction, and also staff turn over can affect repeat clients and also adversely influence future revenues. One crucial thing to consider is the area 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 regularly, the higher the possibility to build a returning customer base. A last idea is the general area demographics. Is the business located in a densely populated city, or is it located on the outskirts of town? Exactly how might the local median family income effect future earnings prospects?