Listing ID: 82380
Beautiful, clean, dynamic, and full of returning customers, this fitness center is primely located popular retail strip space! Perfect opportunity for new owners…all the work has been done for you! Well equipped, classes booked, inventory stocked for sale, and new owners can continue the success with this profitable fitness center.
Prime Area for lots of new customers
- Asking Price: $54,750
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $10,000
- Inventory: $4,000
- Inventory Included: Yes
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
moving out of state
The business was founded in 2015, making the business 7 years old.
The deal will include inventory valued at $4,000, which is included in the listing price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell operating businesses. Nonetheless, the real reason vs the one they say to you may be 2 entirely different things. As an example, they might say "I have way too many various obligations" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may simply be reasons to try to hide the reality of changing demographics, increased competitors, recent decrease in earnings, or a variety of various other reasons. This is why it is really essential that you not rely completely on a vendor's word, but instead, make use of the vendor's solution along with your general due diligence. This will repaint a more practical picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many companies finance loans so as to cover things such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that revenue margins are too thin. Lots of organisations come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. 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 fulfilled or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract new clients? Many times, businesses have repeat customers, which form the core of their daily earnings. Particular elements such as new competition growing up around the location, road construction, as well as employee turnover can influence repeat consumers and also negatively affect future incomes. One important point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business often, the greater the opportunity to build a returning customer base. A final thought is the basic area demographics. Is the business located in a densely populated city, or is it situated on the edge of town? Just how might the regional typical household earnings impact future revenue potential?