Asking Price: $290,000 Gross Revenue: $512,930Cash Flow: $91,884 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceShare 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.
This highly profitable gym is a full service training center that specializes in strength & conditioning for athletes, individuals and groups of all ages and fitness levels. Founded in 2010, this turnkey business has established a loyal customer following with 90% of revenues coming from recurring monthly membership subscriptions and the business continues to thrive in 2017 with 3 years of consecutive YOY net profit growth.
This business can be operated with minimal owner involvement as the seller employs 30 employees that handle the majority of daily operations, which makes this a perfect fit for anyone with general business experience as prior experience is not required.
With a proven 7 year track record of strong cash flows and 75% gross profit margins, this business includes a highly valuable base of recurring monthly subscription revenues and is well positioned for continued growth moving forward. $55K worth of FF&E is included with the asking price. This business is the definition of a turnkey operation and with a proven track record of strong cash flows, 75% gross profit margins and 3 years of consecutive YOY net profit growth, this high quality acquisition opportunity offers a very clear path to a substantial return on investment.
About the Business
Number of Employees:
The business is currently operated out of warehouse space with 15,000 square feet of usable space.
Growth & Expansion:
With a strong base of recurring membership subscription revenues, there are endless opportunities for continued consecutive YOY growth.
Turnkey Gym Business – Consecutive YOY Growth, Recurring Revenues
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.