Asking Price: $525,000 Gross Revenue: $1,108,715Cash Flow: $279,977 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $60,000 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.
**Lender Pre-Approved** This is a two-location personal training franchise that is owned by an out of state owner. The owner has owned both locations for over ten years and has developed a team that can run the day to day operations of the business. The franchise model uses one-on-one personal coaching to develop a customized nutrition and fitness program for their clients. The coaches are employees of the company and get paid an hourly rate to conduct the training sessions. All coaching sessions are managed online which gives the clients flexibility when scheduling to increase the efficiency of operations. Both locations are being sold together in one transaction.
About the Business
Number of Employees:
7 FT/2 PT
Location 1 is a 3500 square foot building located in a shopping center. Location 2 is a 2640 square foot building locate in a retail center. Both locations are clean and attractive for the higher end demographic it is reaching.
This franchise is not a typical gym. It is exclusively one-on-one, private coaching serving the wealthier demographic. There are no other businesses in the immediate area offering this same business model.
Growth & Expansion:
A local owner can be more involved in the day-to-day operations to reduce management overhead and increase marketing to obtain more clients.
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.