Listing ID: 67397
We offer a range of effective, low-impact, high-intensity, full-body workouts that target strength, agility, and flexibility for people of all levels. Deeply rooted in community and empowering clients, we focus on small movements that result in big changes. Build a community where goals are created, pursued, accomplished, and celebrated!
We have 500+ locations open across the globe and almost 80,000 active members. Ranked in Entrepreneur Magazine’s Franchise 500 List each year, we continue to lead the space and a leader in boutique fitness overall.
- Asking Price: $100,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
This Business Is An Established Franchise
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell companies. Nonetheless, the true reason vs the one they say to you may be 2 completely different things. As an example, they may claim "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might just be reasons to attempt to hide the reality of altering demographics, increased competition, current decrease in revenues, or a range of various other reasons. This is why it is really important that you not rely totally on a seller's word, however rather, use the vendor's answer together with your general due diligence. This will repaint a more realistic image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Many companies finance loans with the purpose of covering items like stock, payroll, accounts payable, and so on. Remember that occasionally this can indicate that earnings margins are too small. Lots of businesses fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that must be fulfilled or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area bring in brand-new customers? Often times, businesses have repeat clients, which create the core of their everyday earnings. Particular factors such as new competition sprouting up around the area, road construction, and also employee turnover can impact repeat clients and also adversely influence future revenues. 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? Obviously, the more individuals that see the business often, the greater the chance to develop a returning client base. A last thought is the basic area demographics. Is the business placed in a densely inhabited city, or is it located on the outside border of town? Exactly how might the neighborhood average house income effect future revenue potential?