Listing ID: 83018
Principle Business Advisors presents this profitable, independent fitness gym for sale in Baton Rouge, Louisiana. This is one of two gyms for sale. Each gym has it’s own separate price, however; they can both be purchased together at a discount for $149,000. The gyms benefit from being the only gyms in the Baton Rouge area of their kind. The gym has a high-leveled and well-trained staff that would like to remain with the business. Additionally, the owner is agreeable to staying indefinitely for an hourly wage or a per class wage to continue teaching his classes. The owner is selling because has another very successful business that demands more of his time. He still has a passion for teaching and therefore is willing to stay on to help a new owner.
The numbers listed in the ad are 2021 projected numbers from the last finalized report. The current owner has developed an entire branding package with complete plans to expand the gyms that he will give to the new owner. A 35-page confidential business document is available with full business details. This business has been preapproved for bank financing by an SBA lender. A Matterport 3D virtual reality tour is also available to disclosed buyers.
Come visit the gym, experience the unique business model, and meet the owner!
For more information, please contact the listing broker, Joel Duran, at (504) 313-1038.
- Asking Price: $99,000
- Cash Flow: $95,837
- Gross Revenue: $254,945
- EBITDA: N/A
- FF&E: $20,200
- Inventory: $2,000
- Inventory Included: Yes
- Established: 2013
- 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
The standard training is two weeks, however; the owner will stay indefinitely to teach his specialty fitness classes for an hourly wage by the new owner.
The business was established in 2013, making the business 9 years old.
The transaction will include inventory valued at $2,000, which is included in the suggested price.
The company has 7 employees and resides in a building with approx. square footage of N/A sq ft.
The building is leased by the company for $1,900 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell businesses. Nonetheless, the true factor and the one they say to you might be 2 completely different things. For instance, they may claim "I have a lot of other obligations" or "I am retiring". For many sellers, these reasons stand. However, for some, these may simply be excuses to try to conceal the reality of changing demographics, increased competition, current reduction in revenues, or a variety of other reasons. This is why it is very important that you not rely totally on a vendor's word, yet rather, use the vendor's answer together with your general due diligence. This will repaint a much more realistic picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Lots of businesses take out loans with the purpose of covering items like stock, payroll, accounts payable, etc. Bear in mind that in some cases this can mean that earnings margins are too small. Many businesses fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that have to be satisfied or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location attract brand-new consumers? Often times, businesses have repeat customers, which form the core of their everyday profits. Specific aspects such as new competition sprouting up around the location, road construction, as well as staff turnover can influence repeat consumers and also negatively impact future incomes. One vital thing to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the greater the chance to develop a returning client base. A last idea is the general location demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? Just how might the neighborhood median household earnings influence future revenue prospects?