* Included in Asking Price
Priced at only 1.53 times net cash flow, and considering this business functions very well even with a semi-absentee owner, this is an outstanding opportunity. This profitable turnkey company provides slow-motion, high-intensity, low-impact strength training, following a safe, effective instruction protocol, administered by certified personal fitness trainers. Exercises are done on MedX equipment, the finest medical-grade exercise equipment. All training is closely supervised on a one-trainer-to-one-client basis. Initially, clients are evaluated, and an individualized, specific fitness regimen is designed, taking into account the client's starting physical condition and the client's conditioning goals. The result is a valuable program suitable for almost any person, including people with physical challenges. The fitness trainers are passionately committed to the mission of this company, which is to improve the overall wellbeing of its clients through slow, carefully monitored, muscular conditioning, using a proven system. Enhanced physical health usually results in improved mental and emotional health.
Trainer certification requires up to 120 hours of training that includes pre-recorded videos and in-house lecture and lab with a final written and practical exam by a master trainer. The pre-recorded videos significantly streamline the certification process.
This business is turnkey and is therefore ideal for somebody just venturing out on their own. It is also ideal for somebody who is already in the strength training business and looking to expand.
The current owner lives out of state but has competent management in place to very effectively operate this business. A buyer who chose to be an owner/operator could reduce the labor expense significantly, adding cash flow directly to bottom line profits.
Customers buy an initial packet of five training sessions. All subsequent packages are 10 sessions. All cash is received in advance of services being provided.
The company currently has 74 customers with an average number of visits of 178. The number of new clients for the last five years has averaged 35 annually.
Slow motion, high intensity strength training is just what it says, intense. By moving the weights slowly, instead of quickly where momentum can be recruited as an aid, the intensity of the workout is greatly increased. Excluding the first three evaluation/training sessions, sessions are only 20 minutes because trainers work each muscle group to full fatigue in less than two minutes.
Credible studies have concluded that slow-motion training increases muscular strength, lean muscle mass and functionality more effectively than traditional training, while also reducing cholesterol levels.
The company's five-star rating on Yelp includes many testimonials from clients who experienced tremendous improvement from this company's training protocol. The clients rave about such things as improving bone density, regaining strength after surgery, feeling stronger, losing weight, eliminating headaches and back pain, and feeling tremendously ready for athletic competitions.
Required Licenses: Business, Health
Real Estate Number: 01989230
|Competition:||Many of this businessâ€™ customers had bad experiences at standard gyms which this company competes against. This company also has a few slow-motion strength competitors in the San Francisco Bay Area, but none nearby and none that have a training system as highly developed and as proven.|
|Growth Potential:||A new owner could expand the studioâ€™s hours to increase revenues. And, since the current owners have done little marketing, relying mostly on referrals, much could be done to expand marketing efforts, particularly online. Plus there is significant potential to further develop referral relationships with hospitals, physical therapists and other appropriate medical practitioners, as well as large corporations with employee benefit wellness programs, etc.|
|Training/Support:||To help ensure a smooth transition of the business, the two owners will provide a total of 40 hours of training at no extra cost to the buyer. Additional time, if needed, can be negotiated on a consulting fee basis. The experienced, knowledgeable and loyal staff will also facilitate a successful transfer of the business|
|Seller Financing:||Some seller financing may be provided to a highly qualified buyer with a substantial down payment.|
Seller Reference #OAKLACA001-N205
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