Printer







Asking Price:$170,000

Cash Flow:$67,316

Gross Revenue:$225,903

EBITDA:$67,316

FF&E:$85,000

Inventory:$3,000

Lease Rate:$3,000 /Month 

Established:2014

Business Description

Growing Profitable Gym providing state-of-the-art Spinning and Barre workouts that are not available anywhere else in the Philadelphia area. The club has 11 instructors in place and has built a sterling reputation with a 4.9 out of 5 rating on Google Reviews. There is plenty of opportunity for growth by expanding services or opening additional locations.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,100
Lease Expiration:
12/31/2019
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company leases two adjoining spaces in a retail strip center with an option to extend the lease.
Competition:
While there are a lot of health clubs that host spinning and barre classes, those do not offer the wide variety that is offered by this club.
Growth & Expansion:
The owner would like to franchise this concept. This would be a perfect investment for an investor with franchising experience.
Support & Training:
The owner would stay on board full time as an instructor or manager, or she would provide up to a 30 day transition period included in the sale price.
Reason for Selling:
Divorce - Liquidity


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Background information

Reference:

NAPFL001-N29

Finance

Sales:

$225,903

Profits:

$67,316

Profit type:

Discretionary Earnings

Price and terms

Price:

$170,000

Down payment:

$34,000