||Employees||4 full, 3 part
* Included in Asking Price
This is an opportunity to acquire a business that provides refurbished and new fitness equipment to commercial, institutional, and retail clients across Ontario. The company is a dominant player within its niche, leveraging long term relationships with both suppliers and clients. Over the years the business has seen substantial growth and changing consumer preferences post-COVID represent significant opportunity for further expansion.
The company is an approved vendor for many institutional and commercial clients. Recently, following the closure of commercial gyms, the business has seen significant growth among its retail client base. This success is expected to continue as the business expands through new product offerings tailored to both retail and institutional clients. The business has a strong reputation within the industry, creating a loyal, diverse, and recurring clientele.
The company has been operating for over two decades. Under its current management, the business has built a respectable gross product margin by capitalizing on market trends, and consumer demand, and well negotiated, exclusive supplier contracts with major fitness brands.
The opportunity is ideal for a private buyer seeking to acquire a rapidly growing, industry dominant business, or an existing sporting goods provider looking for a strategic acquisition and diversification of its product offering. Significant experience in inventory management and controls, as well as relevant fitness industry experience can be of additional benefit.
Asking Price: $695,000
Revenue: $ 1,867,000
Normalized EBITDA: $ 385,000
Normalized SDE: $ 465,000
Employees: 4 (full-time), 3 (part-time)
|Training/Support:||Will be provided as required|
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