Asking Price: $150,000 Gross Revenue: $221,973Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: $290,000 included in asking priceShare 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.
Priced to sell ASAP, this absentee-owned franchise unit, in the 24-hour fitness center sector, has seen YTD Gross Profit rise 25% over the first half of last year. Lost money in 2018 but improving financials in 2019.
Opened in late 2017, and still like-new, the business is available for much less than the cost of a brand-new facility. This particular location currently has more than 450 customers who pay monthly fees, plus about 175 ‘Silver Sneaker’ members.
The current owners had planned to operate this for years to come; however, an abrupt change in personal life circumstances has meant that they need to sell the business now. The current owner is “absentee” with full-time employment. The owner employs studio managers who oversee operations and marketing. There are other part time trainers who offer one-on-one or small group training to studio members for a fee. A new owner could choose to either be absentee or be more fully engaged while growing the business to new levels.
The studio is open 24 hours a day, 365 days a year. It utilizes secure key-fob access for its members, with security camera monitoring throughout the facility. It is located in south Charlotte along a major commuter road linking downtown Charlotte with the outer suburbs.
A new owner would receive all the training and support that is provided to any new franchisee of this well-known name brand.
About the Business
Charlotte, North Carolina
Number of Employees:
Building Sq. Ft.:
$10,649.00 Per Month
The like-new studio is approximately 4,850 square foot, leased through 2023.
Local competitors exist but the fitness market continues to grow and expand.
Growth & Expansion:
• New residential growth continuing to come to the surrounding area. For example, new 230-unit apartment buildings are going up nearby. Others expected soon. • With just a little over a year in business for this location, membership needs to grow further to reach profitability. • Very little on-going investment in local marketing
Anytime Fitness - Priced to Sell ASAP - Absentee-Owner
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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
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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