Summary: 
Urban/Industrial Space for High-Paying Fitness Clients
Business Type: 
independent
Location: 
Nebraska
Price: 
$158,000
Sales Revenue: 
$278,321
Cash Flow: 
$55,455
Realestate Included: 
No
Employees: 
11
Internal Listing:: 
FIT012

Urban/industrial space for high-paying fitness clients now available for acquisition exclusively through The Firm Business Brokerage. Fitness is a lifestyle. This personalized training facility has complete and total focus on strength and conditioning. The highly-skilled staff pushes business-professional clientele to their limit with metabolic conditioning classes and personal training.
Included in the sale is $326,989 in hard assets, including $146,663 in fitness equipment, $66,900 in computer equipment and $113,426 in fixtures and other equipment. This top-notch facility has had an extensive startup and build-out more than $350,000.
Clients select from one of three levels for their monthly fee structure. Both first-time users and existing clients can schedule classes or personal training sessions through an easy-to-use online system. Employees are on-hand and ready to take care of the existing clientele; 1 nutrition coach, 4 personal trainers and 6 part-time class instructors. If you are serious about fitness, this is the center for you

Financial Overview
List Price: $158,000
Gross Sales
2014: $278,321
Owner Profit/Cash Flow
2014: $55,455
Profit Margin: 19%
Multiple: 2.85
Client Pays: $150-$350/month dependent upon service
Number of Clients: 135
Demographics: Professional Adults (30-65 years), 50/50 in gender
Valuation:
2014 Cash Flow x Multiple = Price
$55,455 x 2.85 = $158,046

Assets Included in Purchase: $326,989
Computer Equipment: $66,900
Fitness Equipment: $146,663
Fixtures & Other Equipment: $113,426
Build-Out & Startup Costs: More than $350,000
Intangible Assets: Online booking system integrated with point-of-sale software, existing client list
Business Information
Year Established: 7+ years
Location: Northwest Omaha
Lease: $4,160 /mo. In large 5,500 sq. ft. industrial open gym setting
Employees: 1 Nutrition Coach, 4 Personal Trainers and 6 Part-Time Class Instructors
Hours: Mon-Thur 5am-7pm, Fri 5am-7pm & Sat 6am-3pm
Seller Training Period: 3-6 months as needed
Growth Opportunities: Extended Hours, Spa Services, Boot Camps, Pre-Made Meals
Current Owner’s Responsibilities: Active ownership; 30 hours/week

Funding Example
Purchase Price: $158,000
20% Buyer Down Payment: $31,600
20% Seller Financing: $31,600
60% Bank Loan: $94,800
In the funding example above, a bank would be able to fully collateralize a loan with the $326,989 of existing equipment included in the purchase price of the business.

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