This company has been in existence since 2012. The current owners established the company in December of 2012. The business consists of a CrossFit facility which offers group and individual fitness and functional mobility training. This is an asset sale, with no real estate included as part of the sale. The business is currently run out of leased facilities on a main road. The lease is currently renewed on an annual basis, but the landlord is amenable to extending the lease for a longer period of time for a new owner.
CrossFit is constantly varied functional movements performed at high intensity. All CrossFit workouts are based on functional movements, and these movements reflect the best aspects of gymnastics, weightlifting, running, rowing and more. These are the core movements of life. They move the largest loads the longest distances, so they are ideal for maximizing the amount of work done in the shortest time. Intensity is essential for results and is measurable as work divided by time—or power. The more work done in less time, or the higher the power output, the more intense the effort. By employing a constantly varied approach to training, functional movements and intensity lead to dramatic gains in fitness.
About the Business
Number of Employees:
Building Sq. Ft.:
Lease Rate/Sq. Ft./Yr.:
This business is located in a 3000 square foot space within a retail business park mall facility visible from a main road. This is a central location for attracting locals, college students, tourist/visitors, high school athletes, skiers, hikers, etc. The area is a high traffic, main access road featuring retail establishments, large box stores, hotels, restaurants, grocery stores, and professional offices.
There are no other CrossFit facilities in the general area, but there is some secondary competition from other fitness facilities.
Growth & Expansion:
The current owner believes that by relying on more than word of mouth advertising as part of a marketing plan and by expanding the number of classes available, both group and individual, revenues will grow exponentially. Reaching out to area high schools to create varsity athlete boot camps and targeting Olympic and powerlifting specialty classes will also positively impact revenues.
Seller is looking forward to new career opportunities.
The current owner is willing to stay on and train for two weeks and be available in an advisory capacity during the first few months or so of operation for a new owner, as needed, and as negotiated.
Qualified Buyer-Substantial Downpayment
Ad Detail Views:
Asking Price: $99,900 Gross Revenue: $123,001Cash Flow: $48,232 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $29,000 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.
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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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