Listing ID: 82123
For Sale: 3-year established, manager-run, boutique fitness center that provides one-on-one and group training classes in the kind of state-of-the-art facility typically found only on campuses of the biggest Division 1 athletic programs and in the training centers of the best sports teams. This sale price includes “top of the line” equipment assets and inventory. We specialize in developing elite athletes and the membership model builds regular long-term loyal clients and generates residual and predictable income streams. The facility attracts adults and youth clients, and we are the facility of choice for parents that want to give their children an edge on developing into Division 1 athletes. Our trainers provide instruction in basic athleticism, advanced cross-training and fitness, and targeted workouts to improve overall performance. We have placed over 1,000 scholastic athletes in Division 1 programs. Members love the personalized, hands-on experience. Franchise home office creates and continually refreshes customized training programs by age group and curate’s music playlists for tempo so owner can focus on growing the business. 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 teams of highly qualified trainers, fitness experts and support personnel teach, coach and push our clients to achieve and surpass their goals. Many of our staff were Division 1 “elite athletes”. We believe that it takes the best to train the best. A new qualified buyer will need a minimum of $250,000 liquidity and a $500,000 net worth.
Other Business Highlights Include:
– Recurring revenue through membership sales, personal training sessions, group training sessions, teams, leagues and merchandise
– Training program designed and founded by Division 1 athletes
– Partner, Manning Passing Academy
– A Men’s Health “Top 30” gym
– NFLPA-approved training
– Endorsed by National Academy of Sports Business
– High profit margins.
– Manager-run model and advanced analytics reporting tools allow owner to run business remotely
– No industry experience needed – Full training and ongoing corporate support included.
**Any property (lease/purchase) will be handled by a licensed third party agent.
Contact Mike for more information about this business.
- Asking Price: $414,999
- Cash Flow: N/A
- Gross Revenue: $250,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
Includes FF&E and Inventory. Great location, contact for detailed information about this business.
Full training and support will be included.
Contact for this information.
Popular name in the industry.
High demand allows for long-term growth of this business.
The venture was started in 2018, making the business 4 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell operating businesses. However, the true reason and the one they say to you might be 2 completely different things. For instance, they might claim "I have a lot of various obligations" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may just be reasons to attempt to hide the reality of transforming demographics, increased competitors, recent decrease in revenues, or a variety of various other reasons. This is why it is very crucial that you not depend absolutely on a seller's word, however instead, use the seller's solution in conjunction with your overall due diligence. This will repaint a more practical image of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses finance loans so as to cover points such as stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that profit margins are too small. Lots of organisations fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that have to be satisfied or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in brand-new customers? Often times, companies have repeat clients, which develop the core of their day-to-day profits. Particular variables such as brand-new competitors growing up around the location, road building, as well as personnel turn over can affect repeat customers as well as negatively affect future revenues. One important thing to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business regularly, the greater the possibility to construct a returning consumer base. A last thought is the general location demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? Just how might the local average family earnings effect future revenue prospects?