Summary: 
8 Locations: Wisconsin, North Dakota and Minnesota projected to have $6.7MM in Sales
Business Type: 
specialty
Business Type: 
retail
Location: 
Wisconsin
Price: 
$4,600,000
Sales Revenue: 
$6,495,631
Cash Flow: 
$1,174,499
Realestate Included: 
No
Inventory: 
$296,724
Internal Listing:: 
FIT009
Reason for Sale: 
Partnership Dissolution

These remotely operated health & nutrition locations with $1,000,000 in Cash Flow are a leading retailer in the health and fitness industry. There are a total of 8 locations in Wisconsin, North Dakota, and Minnesota. Each year since 2009, the business has seen year-over-year growth on both top line and bottom line revenues. There is a loyal customer base of over 4,600 monthly reward members that provide a recurring income stream of $11/month resulting in a total of $607,200 in ongoing revenue each. The business achieved revenues of $6,495,631 in 2015 adjusted Earnings for 2015 were $1,174,499.

The current owners oversee financials weekly and travel to each location once every 45 days. Owners live out of state and have staff in place, including a full time General Manager, Chief Financial Officer, Regional Managers, Store Managers and sales associates, to fully operate the business. Security systems, inventory control and point of sales systems allow for remote ownership.
Product Mix: 80% private label, sold exclusively at these stores and 20% “off the shelf” products
Diversified Customer Mix: (1) Weight loss supplements and nutrition planning [Jan & May], (2) Strength & conditioning – high school, college and adult athletes [school year], (3) Wellness – 40-65 years of age [year round]
Employees: Full time General Manager; Chief Financial Officer; two Regional Managers; fully-staffed locations with a store manager and retail sales associates
Profit Opportunities: Owners plan to consolidate two Wisconsin stores to decrease overhead expenses adding $341,559 to net profit; 2016 profit projected at $1,765,562 with a reduction in radio marketing contract & consolidation
Current Owners’ Responsibilities: Owners oversee financials weekly and travel to each location once every 45 days. Owners live out of state and have staff in place to fully operate the business daily. Security systems, inventory control and point of sale systems allow for remote ownership.
Purchase Price: $4,600,000
10% Buyer Down Payment: $460,000
20% Seller Financing: $920,000
70% Bank Loan: $3,220,000

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