Listing ID: 81616
Business Overview
This Multi-unit fitness franchise is based in the Midwest. Seller has some of the top performing stores across the entire country, including the #1 store. These gyms are located in 2 different neighboring states. Sellers are looking to pursue some new opportunities in another state which has motivated them to consider selling the entire package of 4 stores. Current management team is in place and ready for a new owner or investor. For more information, call 314.548.2153 or info@premierbb.com. #567
Financial
- Asking Price: $850,000
- Cash Flow: N/A
- Gross Revenue: $1,234,665
- EBITDA: N/A
- FF&E: N/A
- Inventory: $10,000
- Inventory Included: N/A
- Established: 2017
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
Buildings Lease - Multi-Units
Yes
Other Business Opportunities
Additional Info
The venture was started in 2017, making the business 5 years old.
The deal won't include inventory valued at $10,000*, which ins't included in the requested price.
The business has 6FT/24PT employees and is situated in a building with disclosed square footage of N/A sq ft.
The real estate is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell operating businesses. Nevertheless, the genuine factor vs the one they tell you might be 2 absolutely different things. For instance, they might state "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may simply be reasons to try to conceal the reality of altering demographics, increased competition, current reduction in earnings, or a variety of various other reasons. This is why it is very crucial that you not rely absolutely on a vendor's word, yet rather, make use of the vendor's solution combined with your general due diligence. This will repaint a more sensible picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans so as to cover points such as inventory, payroll, accounts payable, so on and so forth. Remember that occasionally this can indicate that earnings margins are too tight. Many businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that have to be satisfied or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in brand-new customers? Often times, operating businesses have repeat clients, which form the core of their day-to-day profits. Particular variables such as brand-new competition sprouting up around the area, road building, as well as employee turn over can influence repeat customers and adversely influence future profits. One important thing to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the higher the chance to build a returning customer base. A final thought is the basic location demographics. Is the business located in a largely populated city, or is it situated on the outskirts of town? Just how might the regional typical household earnings effect future revenue prospects?
