Asking Price: $695,000 Gross Revenue: $530,000Cash Flow: $321,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed 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.
**SALES AND CASH FLOW UP OVER 10%** This business is a great choice for anyone looking for an income over $250,000 while getting satisfaction from providing a beneficial service to children. Parents are becoming more aware of and concerned about the physical fitness of their children. In addition to the health benefits, physical activity has been linked to higher academic achievement, school attendance, and better behavior.
This business provides basketball training to children ages 7 to 18 at 14 locations in Eastern Massachusetts. They are the exclusive provider of these services at the locations they have contracted with. The locations are municipal and independent gyms -- for profit and non-profit. The training is provided by men and women with basketball experience. There are several new locations that the business has identified where their service can be expanded to. The business can take advantage of these opportunities with another full-time or part-time manager.
The owner focuses on managing the business and developing new locations. The business gauges the interest at a new location by offering a free clinic in cooperation with the owner of the facility. The owner is providing other recreational services at the location and has an extensive list of people that are contacted to attend the free clinic. In addition, the business uses social media to get the word out. The business also uses social media, email marketing, Facebook, and Google Ads to market the business. Customers can go to their website and sign up for classes or sign up at a location.
About the Business
Suffolk County, Massachusetts
Number of Employees:
Training is provided at a number of rented locations throughout Eastern Massachusetts
Growth & Expansion:
There are two areas that offer tremendous opportunities for growth. The business has identified 14 additional locations where basketball training can be offered. Another area for growth is providing training in another sport.
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.