Asking Price: $3,500,000 Gross Revenue: $4,290,000Cash Flow: $1,011,000EBITDA: $1,011,000Inventory: 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.
Independent, results focused fitness center brand located in the Southeast is available for sale. The Company, operating out of two locations, differentiates itself in that they offer a high-end, high-service gym experience for a reasonable price. 2018 revenue grew 30% to $4.290 million with $1.01 million in adjusted EBITDA. All membership dues and personal training is done via EFT and represents 88% of overall revenues.
The Company has just over 6,000 members and the club offers amenities such as group exercise classes, hydro-massage, body scanning and personal training.
About the Business
Number of Employees:
The Company’s operations are very well structured and run. Ownership continues to reinvest its it infrastructure and equipment and both present in excellent condition with little to no deferred capital expenditures. Both real estate leases are very reasonable and are assignable.
Growth & Expansion:
Areas of incremental growth would mainly come from organic membership growth and to expand square footage to adjacent spaces (which are available). This proven model is unique in its high quality and service offering (similar to a boutique setting but actually a fitness center) for a reasonable price. An opportunity exists to grow additional units of the brand/concept to the local and regional market.
Independent Fitness Centers - $1.0 MM EBITDA - UNDER CONTRACT
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or stake in the sale of this business and has not verified any of the information
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