812 Buyers Online Now
Buy Business Sell Business Business Brokers My Account
Photos Website Map
Asking Price$86,000
Revenue$106,820 Established2006
Cash Flow$51,405 EmployeesUndisclosed
FF&E$45,000* FranchiseYes
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Turnkey fitness center with 300 enrolled members and full equipment package worth $45,000. The facility is located in Crete, Nebraska, a town of 7,000 with a population of over 309,000 within a 25-mile radius. The gym is currently run absentee with the current owner overseeing monthly bookkeeping and general oversight, however members are issued an electronic key fob allowing them access whenever they desire to work out. This allows the owner, who lives over 20 miles away, to operate the business remotely.
The business has seen very stable profitability generating over $50,000 in owner profit each year. A new owner who would like to increase sales could explore the following growth opportunities: working with local schools to create a student fitness program, partnering with personal trainers by allowing them access to the gym for a fee, or contacting local employers and offering a corporate wellness program.
A buyer placing a 15% down payment of $12,900 on the business would receive a net operating income of $38,677 after all business expenses and bank loans have been paid. This is 300% or three times the money back on the initial down payment of $12,900.

Financial Overview
List Price: $86,000
Gross Sales
2014: $106,820
2013: $106,254
2012: $83,238
Owner Profit/Cash Flow
2014: $51,405
2013: $53,230
2012: $50,791
2014 Profit Margin: 48%
Multiple: 1.7 *Multiples range from 1-5, with the average being 3
Valuation: 2014 Cash Flow x Multiple = Price
$51,405 x 1.7 = $87,388

Assets Included in Purchase: $45,000
Replacement Cost of Equipment: $45,000 - Full gym equipment package including 3 treadmills, 3 ellipticals, 2 recumbent bikes, 1 stairmaster, 16 weight machines, complete set of dumbells 5lbs-100lbs, power cage, 4 benches, 5 medicine balls, 5 weightlifting bars, 42 plates, 300 square feet of rolled rubber flooring
Intangible Assets: Established client base of 300+, website, phone number, marketing materials and social media presence
*amounts may vary
Business Information
Year Established: 2006
Location: Crete, Nebraska (Saline County)
Demographics: 7,000 population in town, 309,000 within a 25-mile radius
Number of Clients: Over 300
Lease: $1,500/month
Reason for Selling: Growing Family
Hours: Owner’s hours as desired; clients are issued an electronic key fob with 24/7 access
Seller Training Period: To be discussed in due diligence; owner only works a few hours each week so this would be determined based on need
Growth Opportunities: Work with local schools, personal trainers, corporate wellness programs
Current Owner’s Responsibilities: Absentee ownership: monthly bookkeeping and general oversight

Funding Example
Purchase Price: $86,000
15% Buyer Down Payment: $12,900
5% Seller Financing: $4,300
80% Bank Loan: $68,800
A buyer with the above payment structure would receive a Net Operating Income (NOI) of $38,677 after all business expenses and bank loans have been paid. This results in a Return on Investment (ROI) of 300% or three times the money back on the initial down payment of $12,900.
Facilities:Lease: $1,500/month Owner’s hours as desired; clients are issued an electronic key fob with 24/7 access
Growth Potential:Work with local schools, personal trainers, corporate wellness programs
Training/Support:To be discussed in due diligence; owner only works a few hours each week so this would be determined based on need
Seller Financing:5% Seller Financing: $4,300
Sale Reason:Growing Family
Ad #78580
Seller Reference #FIT008
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service before responding to any ad on our website.
Contact This Seller
Cortney Sells
The Firm Business Brokerage
402.998.5288
Name
Email Address
Message