Listing ID: 81446
This is a great opportunity for a new owner. The location opened up just prior to Cov-ID and is fully built-out with equipment package and a membership base.
Location: 8752 W 159th St, Orland Park, IL 60462.
Feel free to stop by the location as a customer first. This is a highly confidential listing, please DO NOT talk to any of the employees or patrons. If interested, contact EnergiZ for more information. Showings by appointment only.
Listed By Jason Markowicz at EnergiZ & Associates
- Asking Price: $49,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $500
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,400
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Lease Information: Leased space $4,289/mth gross. Current lease expires in May 2026 with one 7-year option. Square Feet: 3,400. Seating: 0. Days/Hrs of Operation: Mo-Fr 5a-9a & 4p-7:30p, Sa-Su 7a-10a Owners Role: Working owner. Value of FF&E: Included In Asking Price (Valued at $25,000).
Willing to assist.
Other fitness facilities, boutique fitness, YMCA.
Territory is identified in the franchise agreement. Other territories are available.
The company was started in 2019, making the business 3 years old.
The transaction shall not include inventory valued at $500*, which ins't included in the suggested price.
The company has 2 Part-Time employees and is situated in a building with estimated square footage of 3,400 sq ft.
The building is leased by the business for $4,289 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell operating businesses. However, the true factor vs the one they say to you might be 2 completely different things. For instance, they might claim "I have too many other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might just be excuses to attempt to hide the reality of transforming demographics, increased competition, recent decrease in revenues, or a range of various other reasons. This is why it is really essential that you not rely completely on a vendor's word, yet rather, make use of the vendor's response together with your general due diligence. This will repaint a much more reasonable image of the business's current scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Numerous companies take out loans in order to cover items like stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can imply that earnings margins are too thin. Many companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that should be met or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract brand-new clients? Often times, companies have repeat customers, which form the core of their daily profits. Specific aspects such as brand-new competitors growing up around the area, road building and construction, as well as personnel turnover can impact repeat clients and also negatively influence future profits. One crucial thing to think about is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the higher the chance to construct a returning consumer base. A final idea is the general area demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? Exactly how might the local typical house income impact future revenue prospects?