Asking Price: $1,229,000 Gross Revenue: $3,161,322Cash Flow: $413,733 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $480,000 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.
Major regional fitness brand now exclusively listed. Annual revenues exceeded $3,161,322 in 2017 with adjusted Owner’s Earnings at the $413,733 plus level.
The business is a widely respected multiple location fitness brand with very clean and well managed facilities. The locations have all kept current with fitness industry programs (group and individual) as well as equipment. This business is a very known brand in Rhode Island and Southern Massachusetts. The brand has consistently responded to market conditions and currently has over 5,300 members.
The company has over 22,000 email contact names and a enewsletter with above industry average click through rate.
It is very rare that a fitness business of this financial size and membership level is offered for sale in this geographic market.
The largest of the three gyms is located across from a Town Hall overlooking a river and the Rhode Island location is within steps of a major university.
Multiple locations of this company are owned by the operating fitness business owners who will remain as landlords to the new owner.
Over 60,000 SF of high quality fitness areas combined in the four locations including group training and equipment areas.
Sale includes over $480,000 in equipment assets(fair market value). Valuation based on low multiples of earnings and conservative equipment values.
Who should buy this business?
Strategic buying seeking expansion at a very competitive price in the Southern Massachusetts and Rhode Island markets.
Fitness industry professional ready to "graduate" to their own fitness business.
Credit strong cash flow buyers seeking high cash flow at competitve multiple.
Very good quality financial statements.
Serious inquiries only please.
Executive summary available for qualified buyers.
About the Business
Four separate facilities. Two leased from third parties, two owned by principals.
The competitive environment is two fold-Smaller gyms not offering range of programs and equipment. Larger "big box" branded fitness chains who often compete on membership price and lacking the range of programs and services.
Growth & Expansion:
Grow Corporate and Municipal clients. Further leverage 22,000 email contacts via content rich newsletter and marketing. Increase SEO marketing. Enhance mobile version of website.
Profitable Branded Fitness Business-Three Locations-Two States
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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
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