Listing ID: 70125
Business Overview
This fast growing and niche wellness center focuses on a person’s foundation to build a stronger overall body. The business uses patented equipment and an efficient workout plan to maximize their members weekly sessions.
The business has a full-time director and the trainers needed to serve their members, so it’s a turn-key opportunity for a new owner.
Financial
- Asking Price: $390,000
- Cash Flow: $124,694
- Gross Revenue: $342,000
- EBITDA: N/A
- FF&E: $125,000
- Inventory: $500
- Inventory Included: Yes
- Established: 2019
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Business leases space in a high traffic location, with quality visibility and ample parking.
Will train for 2 weeks @ $0 cost. Besides the required federal and state business licenses, no special licenses are needed.
Seller has other business interests they need to focus on.
Uniquely, because of the demographic it serves, there is no direct competition for this business. The business has eclipsed 300 members, and continues to grow.
The business is growing, and can handle more growth; locations for two other centers have been identified and are included in a business transfer.
This Business Is An Established Franchise
Additional Info
The venture was founded in 2019, making the business 3 years old.
The deal does include inventory valued at $500, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell operating businesses. Nonetheless, the real factor and the one they say to you might be 2 completely different things. For instance, they may claim "I have too many other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may just be reasons to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in profits, or a variety of various other reasons. This is why it is very important that you not depend completely on a seller's word, yet instead, make use of the seller's solution in conjunction with your general due diligence. This will paint an extra reasonable picture of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies finance loans with the purpose of covering items like supplies, payroll, accounts payable, and so on. Remember that sometimes this can imply that earnings margins are too thin. Many organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that should be satisfied or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location bring in new consumers? Most times, businesses have repeat clients, which form the core of their daily revenues. Specific elements such as new competition growing up around the area, road building, and employee turnover can impact repeat consumers and negatively influence future revenues. One vital point to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business regularly, the higher the possibility to build a returning consumer base. A last thought is the general location demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? Just how might the local median home earnings influence future revenue prospects?
