Independent Fitness Centers - $1.0 MM EBITDA - UNDER CONTRACT

South East

Independent Fitness Centers - $1.0 MM EBITDA - UNDER CONTRACT
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Asking Price: $3,500,000

Cash Flow: $1,011,000

Gross Revenue: $4,290,000

EBITDA: $1,011,000

FF&E: N/A

Inventory: N/A

Established: N/A

Independent Fitness Centers - $1.0 MM EBITDA - UNDER CONTRACT

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Business Description

Very well maintained with strong recurring monthly cash flow.

UNDER AGREEMENT
Independent, results focused fitness center brand located in the Southeast is available for sale. The Company, operating out of two locations, differentiates itself in that they offer a high-end, high-service gym experience for a reasonable price. 2018 revenue grew 30% to $4.290 million with $1.01 million in adjusted EBITDA. All membership dues and personal training is done via EFT and represents 88% of overall revenues.

The Company has just over 6,000 members and the club offers amenities such as group exercise classes, hydro-massage, body scanning and personal training.

Detailed Information

Employees:
80
Facilities:
The Company’s operations are very well structured and run. Ownership continues to reinvest its it infrastructure and equipment and both present in excellent condition with little to no deferred capital expenditures. Both real estate leases are very reasonable and are assignable.
Growth & Expansion:
Areas of incremental growth would mainly come from organic membership growth and to expand square footage to adjacent spaces (which are available). This proven model is unique in its high quality and service offering (similar to a boutique setting but actually a fitness center) for a reasonable price. An opportunity exists to grow additional units of the brand/concept to the local and regional market.
Reason for Selling:
Ownership is seeking change.
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Contact the Seller

(from currently available funds)
 
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Michael O'Koomian

Business Listed By:
Michael O'Koomian

MOK Capital Advisors

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