Business Overview

Established fitness center for sale in a western suburb of Des Moines, IA.

If you are ready to capture your piece of the fitness craze, this is the opportunity for you.

Fitness classes offered for all fitness levels.

Coming out of Covid, this business is growing!

Asset sale.

Please call for more details.

Financial

  • Asking Price: $98,900
  • Cash Flow: N/A
  • Gross Revenue: $278,800
  • EBITDA: N/A
  • FF&E: $91,000
  • Inventory: $2,000
  • Inventory Included: Yes
  • Established: 2019

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,240
  • Lot Size:N/A
  • Total Number of Employees:18
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

2240 sq. ft. facility

Is Support & Training Included:

This is a franchise - franchise support Franchise training.

Purpose For Selling:

Other Interests

Pros and Cons:

Excellent location. High visibility. Well respected franchise.

Additional Info

The company was started in 2019, making the business 3 years old.
The sale does include inventory valued at $2,000, which is included in the suggested price.

The company has 18 employees and is located in a building with disclosed square footage of 2,240 sq ft.
The property is leased by the company for $7,607 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why people resolve to sell operating businesses. Nonetheless, the real factor vs the one they tell you may be 2 completely different things. As an example, they might say "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might simply be reasons to attempt to hide the reality of transforming demographics, increased competitors, recent reduction in earnings, or an array of various other reasons. This is why it is really important that you not depend absolutely on a seller's word, however rather, make use of the seller's response together with your general due diligence. This will repaint a much more realistic image of the business's existing circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies finance loans so as to cover items such as inventory, payroll, accounts payable, etc. Remember that sometimes this can indicate that profit margins are too small. Lots of businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that need to be fulfilled or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location bring in new consumers? Most times, operating businesses have repeat clients, which form the core of their everyday earnings. Certain factors such as new competitors growing up around the area, road building and construction, and also staff turnover can impact repeat consumers and negatively influence future profits. One vital thing to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business often, the higher the chance to construct a returning consumer base. A last thought is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the local median house income influence future revenue potential?