Asking Price: $615,000 Gross Revenue: $1,150,000Cash Flow: $190,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $989,000 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.
A state of the art, profitable, absentee franchise gym just came on the market. This gym is part of a leading franchise company. With over 3,500 members, this is a high volume club that offers all the amenities. A more aggressive owner who wants to increase the marketing budget and focus on daily operations could make a major impact on growing the gym. There are numerous growth opportunities within the 4 walls to grow revenue and profitability. This gym is located in Suffolk County, and is surrounded by both a strong mix of residential and commercial population. This gym is turnkey, fully staffed and highly profitable. There is a long term lease in place. All the members pay monthly fees in addition to an annual fee. There is very predictable cash flow and the gym is selling for considerably less than the cost to build new units. Please refer to listing number #14173 when inquiring about this opportunity.
The information on this listing has been provided by either
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
full Terms & Conditions.