HVLP Franchised Fitness Center - $200k EBITDA

South East

HVLP Franchised Fitness Center - $200k EBITDA
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Asking Price: $550,000

Cash Flow: $200,000

Gross Revenue: $1,500,000

EBITDA: $200,000

FF&E: $900,000

Inventory: N/A

Rent: $10 /Month

Established: 2015

HVLP Franchised Fitness Center - $200k EBITDA

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Business Description

Top HVLP Brand w/ Consistent Cash Flow

Franchised High Volume, Low Price (HVLP or low cost) fitness center located in the Southeast is available for sale. The Company is in its 5th year of business and last twelve months (LTM) ending June 2019 consolidated revenue was $1.50 million with $200k in EBITDA. The business is being run 100% passively.

The Company has around 4,000 members and the club offers amenities such as group exercise classes, tanning, hydro-massage, body scanning and personal training.

Detailed Information

Real Estate:
Leased
Building SF:
18,800
Lease Expiration:
N/A
Employees:
35
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company’s facility presents clean and is in good condition. The location has strong traffic count and high visibility. All equipment is well maintained. The real estate lease is assignable.
Competition:
Like most areas, there are several competitors in the surrounding area ranging from national & regional chain gyms such as Planet Fitness, LA Fitness to smaller, local fitness studios.
Growth & Expansion:
This is a franchise HVLP model which offers a solid foundation and platform to grow additional units within the brand (which is one of the fastest growing in the industry). Membership growth and unit price increases (which have already begun) offer upside to revenue along with continued personal training growth.
Support & Training:
A complete operating team is in place but ownership will properly transition to new ownership group as needed and agreed to.
Reason for Selling:
The Company is being sold to redeploy capital to another region.
Franchise:
This business is an established franchise
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(from currently available funds)
 
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Michael O'Koomian

Business Listed By:
Michael O'Koomian

MOK Capital Advisors

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