Business Overview

This specialty fitness center focuses on rowing (row training). The business is owned and operated by the PRESTIGIUOS Parent Company. This is a low impact workout but also utilizes 85% of the body’s muscles. This is a semi-passive business. The center specializes in group training for clients that are anywhere from elite athletes to beginners. This is a member’s model, so the business is built on long-term clients and generates residual and predictable income streams. Our skilled trainers provide instruction and coaching to ensure our clients receive a vigorous rowing workout designed to improve stamina, physic and cardio. Members love the personalized, hands-on experience. The result is a fitness facility unlike any other, where clients aren’t just members — they are committed athletes that are part of a vibrant fitness community. Our team of highly qualified fitness experts push our clients to achieve and surpass their goals. A qualified candidate will need to possess a credit score of 680 or Higher–Minimum Net Worth $500,000+.
Other Business Highlights Include:
-Recurring revenue through membership sales, personal training sessions, group training sessions, teams, and merchandise
-High profit margins.
-Semi-Passive, Manager-run business
-No industry experience needed – Full training and ongoing corporate support included.
Contact Mike for more information about this business.

Financial

  • Asking Price: $300,000
  • Cash Flow: N/A
  • Gross Revenue: $950,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2019

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:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Contact for detailed information about this business.

Is Support & Training Included:

Full training and support will be included.

Pros and Cons:

Popular name in the industry.

Opportunities and Growth:

High demand allows for long-term growth of this business.

Additional Info

The venture was started in 2019, making the business 3 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people resolve to sell businesses. Nonetheless, the genuine reason and the one they tell you may be 2 completely different things. For instance, they might claim "I have way too many various commitments" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might simply be reasons to try to hide the reality of altering demographics, increased competitors, current reduction in earnings, or an array of various other reasons. This is why it is really vital that you not depend absolutely on a vendor's word, but rather, use the vendor's solution combined with your total due diligence. This will paint an extra realistic picture of the business's present scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Many operating businesses take out loans so as to cover things such as supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can mean that profit margins are too thin. Numerous businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that have to be met or might lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location attract new clients? Most times, businesses have repeat consumers, which form the core of their daily earnings. Certain aspects such as brand-new competitors growing up around the area, roadway building and construction, as well as staff turnover can influence repeat clients as well as negatively influence future revenues. One important point to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business often, the higher the chance to develop a returning consumer base. A last idea is the basic location demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? Just how might the neighborhood typical family earnings influence future earnings prospects?