Asking Price: $159,000 Gross Revenue: $446,513Cash Flow: $82,808 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $1,500 not included in asking priceFF&E: $120,000 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Prime 3-location fitness center with unique concept unlike any typical gym or fitness center is available for acquisition. These businesses were established originally over a decade ago with the first location being late-2003 and the latest in early-2006. Competition is to be expected for any fitness center in this industry, but these fitness centers have a unique concept that no other fitness related businesses can imitate through typical methods. Most of the customers are upper-class individuals with an even mix of men and women from the surrounding densely populated residential neighborhoods and apartment complexes. Net sales average for the combined locations are $560,000/year that has been steadily increasing with any proactive marketing other than online coupons and word of mouth. Although the online coupons and word of mouth have effectively increases sales, other proactive marketing tactics needs to be fully utilized to generate maximum potential sales and acquisition of untapped customers. There are many ways to proactively market this business such as direct mailing, flyers, add more equipment, monthly subscription discounts, referral discounts, expanding current workout training program and hiring additional trainers. Purchasing new equipment and adding personalized workout routines will help attract many more individuals in the area that is looking for a become more active and healthy. These fitness centers have everything in place for a potential buyer to proactively market in the local area as well as being fully involved in the day-to-day business operations.
Listing ID #000650
For more info, please call Moon Kim at 1-866-519-2421.
About the Business
Number of Employees:
These businesses are placed in retail strip centers that are optimally placed in areas that has a dense population of individuals that has large amounts of disposable income. All equipment is in impeccable condition and in working order.
Few competitors are within the immediate market area of all business locations, but these fitness centers has a unique program that other fitness centers doesn't provide and the routines are created for each individual for maximum results.
Growth & Expansion:
Coupons are used to actively market these fitness centers, but other marketing methods needs to be utilized to generate cash flow and acquire customers as fast as possible.
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the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
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