Asking Price: $739,000 Gross Revenue: Not DisclosedCash Flow: Not DisclosedEBITDA: 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.
SPENGA focuses on spin, strength and yoga offering an eclectic fitness experience. By combining three essential elements of fitness to create what is simply known as "the best workout ever." The unique concept delivers a combination of spin, strength and yoga in every 60-minute session, designed to help improve endurance, strength and flexibility. This studio is located in the heart of a thriving downtown in the suburbs of Chicago and is accessible by CTA. They have over 400 members and growing strong with an average of over 100 prospects entering the studio monthly and plenty of space in the facility to add additional revenue streams such as child care or food services. SPENGA is growing with over 30 franchises sold across the nation and counting. This location can be purchased as a stand-alone studio or part of an Area Development agreement negotiated directly w/ SPENGA corporate.
About the Business
Located on a busy street nearby a Target, Chipotle, T-Mobile, as well as many other restaurants, retail stores, and two brand new condo buildings. Plenty of street traffic daily to drive prospective members. There is also a large Parking Garage On-site in which the first 1.5 hours are free.
Fitness exclusivity: Lease contains fitness exclusivity for the building meaning no fitness competitor can rent space in the building without SPENGA's permission.
Location: Accessible by public transit CTA blue line and busy foot traffic to help drive membership and business.
Growth & Expansion:
This franchise unit is considered a "model" for new locations and is fully staffed. The General Manager and instructors are all trained and long-term fitness professionals. This sale is CONFIDENTIAL and requires a signed Non-Disclosure agreement before discussing the location/financial details.
Excellent Franchise Fitness Gym In The Chicago Western Suburbs
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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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