Asking Price: $419,000 Gross Revenue: $498,645Cash Flow: $195,230 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $200 included in asking priceFF&E: $20,000 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.
Do you have the desire to help people, a passion for fitness and an entrepreneurial spirit? If so, this unique franchise resale opportunity to own a personal fitness training business is for you. One-on-one personal training sessions are offered in private studios which offers clients a setting much like their own private gym. Private workout suites allow clients to maximize their time by eliminating distractions, not waiting for equipment and avoiding intimidation. The business emphasizes a one-on-one connection with each client where trainers tailor individualized programs to help clients meet their weight-loss, fitness and nutritional goals by providing enthusiasm, knowledge, care, accountability and support with the perfect combination of strength and cardio training paired with a common sense nutritional program based on scientific research that fuels positive changes and maximizes results.
Whether you've had personal training experience or not, as a franchise owner you will have ongoing and comprehensive training at your fingertips with established operating systems that leverage best business practices and recommendations for marketing and promoting your studio.
About the Business
Number of Employees:
This two-room boutique setting fitness studio is well situated in a beautiful historic building on a very busy, popular, well-traveled street, with excellent visibility from passersby and automobile traffic. The locker room, which includes showers, sauna and changing rooms, is shared with two other business located on the same floor. There is 1,600 sq. ft. (including shared locker room space). Monthly rent is $3,852. which includes triple net charges. The lease expires November 2020.
There is not a lot of competition for one-on-one personal training in a private studio setting with all the latest equipment. Many gyms and fitness studios take place in a group setting, which is why this business opportunity is unique. There are two one-on-one personal training fitness studios located within 1 mile of this business.
Growth & Expansion:
A personal training career is one of the fastest growing careers in the health & fitness industry. According to the U.S. Department of Labor estimates that jobs in personal training and fitness instruction will increase by 24% between 2010 and 2020, faster than the average 14% expansion for all occupations. An increasing number of people spend more time and money on fitness and more businesses are recognizing the benefits or health and fitness programs and other services such as wellness programs for their employees. Also, the market for fitness and weight loss businesses is only growing larger as Americans themselves get bigger.
Currently, the schedule is at 80% capacity, so there is room to grow the business with additional clients. Also, regular price increases allow for additional revenues.
Will train for 2 weeks @ $0 cost. Fitness experience and certification through a nationally accredited program is recommended. Great customer services skills combined with a desire to help and connect with people will put you ahead of most professionals in this industry.
Successful Personal Training Business and Fitness Studio
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