Asking Price: $1,450,000 Gross Revenue: $1,775,830Cash Flow: $493,930 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $5,500 not included in asking priceFF&E: $266,444 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.
A well-managed and well-executed business. Outstanding franchise system. Very high member LTV compared to other fitness centers. 2018 seller provided financials indicate revenues of $1,775,830, adjusted NOI of $493,930. Jan-June 2019 revenues were up almost 16% over 2018. Three operating and strategically sited locations in Las Vegas are included in this offering. A fourth location is currently under construction, which can be purchased, and one additional undeveloped pre-paid territory available for purchase also. Majority of revenues are collected by automatic EFT from customer's accounts. Low attrition rates. If you like the fitness industry you will be hard-pressed to find a better opportunity.
About the Business
Las Vegas, Nevada
Building Sq. Ft.:
$13,766.00 Per Month
Three strategically located locations in the Las Vegas valley. Two additional undeveloped pre-paid territories available separately.
Franchise enjoys a great reputation which makes it the dominant player in their space.
Growth & Expansion:
Significant upside by opening additional locations in Las Vegas and other markets.
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.