Independent Fitness Centers - $1.0 MM EBITDA - UNDER CONTRACT

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Very well maintained with strong recurring monthly cash flow.
Asking Price:
$3,500,000

Gross Revenue:
$4,290,000
Cash Flow:
$1,011,000
EBITDA:
$1,011,000
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

UNDER AGREEMENT
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:
80
Facilities:
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.
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About the Sale

Reason For Selling:
Ownership is seeking change.

Listing Info

ID:
1616581
Ad Detail Views:
0

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Business Listed by

Michael O'Koomian

MOK Capital Advisors

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