Business Overview

Price Reduced! Great opportunity to purchase and step in as an owner-manager of two gyms with a reputation of constantly performing as two of the TOP 50 of all the locations that the Franchisee has in the entire country. In August / September of 2021 each location subsequently was ranked the #6 store! The trainers, equipment and customers are in place to keep the momentum going for a new owner. For more information, call Ben Strake at 314.548.2153 or info@premierbb.com.

Financial

  • Asking Price: $50,000
  • Cash Flow: N/A
  • Gross Revenue: $347,804
  • EBITDA: N/A
  • FF&E: $55,980
  • Inventory: $12,000
  • Inventory Included: N/A
  • Established: 2008

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:7,959
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Building Lease: 1,284 sq. ft. / 1,709 sq. ft. @ $3,852 per month / $4,107 per month

Is Support & Training Included:

Yes

Purpose For Selling:

Other Business Opportunities

Additional Info

The venture was started in 2008, making the business 14 years old.
The sale won't include inventory valued at $12,000*, which ins't included in the suggested price.

The company has 1FT/13PT employees and resides in a building with estimated square footage of 7,959 sq ft.
The property is leased by the company for $0.00

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals decide to sell companies. Nonetheless, the genuine factor vs the one they say to you might be 2 absolutely different things. For instance, they might say "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may simply be reasons to try to conceal the reality of changing demographics, increased competitors, recent reduction in earnings, or an array of other factors. This is why it is extremely vital that you not count absolutely on a seller's word, however instead, utilize the seller's answer together with your overall due diligence. This will paint an extra reasonable image of the business's present situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans with the purpose of covering items like inventory, payroll, accounts payable, and so on. Remember that in some cases this can imply that earnings margins are too small. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that should be satisfied or might result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location draw in new clients? Most times, businesses have repeat customers, which form the core of their day-to-day earnings. Specific factors such as new competitors sprouting up around the area, roadway building, and also staff turn over can influence repeat customers as well as adversely affect future revenues. One essential thing to consider is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business often, the better the opportunity to construct a returning consumer base. A last idea is the basic location demographics. Is the business located in a densely populated city, or is it located on the outskirts of town? Exactly how might the local average house income influence future income prospects?