Listing ID: 67404
We have two studios for sale at $100,000 each.
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: $200,000
- 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 sorts of reasons why individuals choose to sell companies. However, the true reason vs the one they tell you may be 2 entirely different things. As an example, they might claim "I have way too many various responsibilities" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may simply be excuses to try to hide the reality of altering demographics, increased competitors, current decrease in revenues, or a range of other reasons. This is why it is extremely crucial that you not count absolutely on a seller's word, yet instead, utilize the vendor's response combined with your total due diligence. This will repaint a more practical image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses borrow money 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 tight. Lots of organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that have to be fulfilled or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in brand-new consumers? Most times, businesses have repeat clients, which develop the core of their everyday earnings. Specific aspects such as new competition growing up around the location, road building and construction, and employee turnover can influence repeat consumers as well as adversely impact future earnings. One crucial thing to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business on a regular basis, the greater the chance to build a returning client base. A final thought is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the edge of town? How might the local average family earnings influence future earnings prospects?