Asking Price: $799,000 Gross Revenue: $1,082,436Cash Flow: $267,347 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $13,000 included in asking priceFF&E: $155,000 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.
Reduced price for all cash buyer only. Want to own a successful business and also get the satisfaction of helping people become healthier and more fit? These ready to operate fitness centers are perfect for an absentee owner. Two young locations in the Houston area are fully staffed and have established, growing membership. Aggressive membership strategies, excellent ratings and great reputation, the owners have already set themselves apart, receiving nation-wide recognition for their success from the franchise. Combined locations producing cash flow in excess of $30k/mo and growing. Perfect for investor looking to get into cash positive, growing business without waiting the 10-15 mos. to invest, build out and attract initial members. 2019 experiencing even faster monthly growth from new marketing initiatives! Seller Motivated.
About the Business
Harris County, Texas
Number of Employees:
Building Sq. Ft.:
$9,259.00 Per Month
Located in upscale shopping center; excellent locations, quality space, great landlord relations. Data for combined locations. Leases expire in 2022 and 2023 with extension options Listing price based on being ready for continued growth, and average results of locations per the franchise, which the sellers have already been recognized for exceeding. Pro-forma figures are expectations for full year results July 2018 - June 2019.
Growth & Expansion:
Excellent. Membership growing monthly. 2 locations. Seller willing to do 20% seller financing for the right buyer. A buyer who understands this industry will know that now is the time to enter the industry to take advantage of 1Q2019 growth potential.
Feel the VIBE! Trending, Hip & Fun Fitness Gym - 2 Locations!
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