Listing ID: 67622
This is a fully loaded, 24 hour fitness center, located in a major shopping center, in Alexandria, Va.. Profitable for many years with absentee ownership, it is a great opportunity for an owner manager to come in and take it to the next level. Everything is in place and the price is right.
Heck, the equipment alone is worth 3 times the price.
This is a once in a lifetime chance for a personal trainer/manager to have his/her own business.
Call or text Jeff Neuburg for more information. 703-623-5575
- Asking Price: $85,000
- Cash Flow: $50,000
- Gross Revenue: $166,000
- EBITDA: N/A
- FF&E: $150,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,250
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Full line of the latest machines, free weights, cardio, entertainment, eic.
2 weeks from owner, franchisor training and ongoing support.
Other business interests
This Business Is An Established Franchise
The company was started in 2012, making the business 10 years old.
The company has 5 employees and resides in a building with approx. square footage of 2,250 sq ft.
The building is leased by the company for $7,400 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell businesses. Nevertheless, the true reason and the one they say to you may be 2 totally different things. As an example, they might state "I have too many various commitments" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might just be excuses to try to conceal the reality of transforming demographics, increased competition, current decrease in revenues, or an array of various other factors. This is why it is really crucial that you not depend entirely on a seller's word, but instead, make use of the vendor's response along with your general due diligence. This will paint an extra sensible image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Many companies take out loans with the purpose of covering points like stock, payroll, accounts payable, etc. Bear in mind that sometimes this can imply that earnings margins are too thin. Many businesses fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that must be fulfilled or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location attract brand-new consumers? Most times, operating businesses have repeat clients, which form the core of their daily earnings. Certain elements such as new competition growing up around the area, road building, and also personnel turnover can influence repeat customers and adversely influence future earnings. One essential point to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business regularly, the greater the opportunity to build a returning client base. A last idea is the general location demographics. Is the business placed in a largely populated city, or is it situated on the edge of town? Just how might the neighborhood mean house earnings impact future revenue prospects?