Should You Sign a NDA when Buying a Gym of Fitness Center?

There are some steps in the gym for sale process that benefit both the seller and you, the buyer. These steps protect the seller from “time-wasting” buyers, and the buyer from acquiring lemons. One of the most important questions when buying a gym is “Can I see your financial statements?” Numbers provide vital information to help you decide if you should buy a gym or fitness center. Even if a seller has placed the gym on the market, he or she remains reluctant to share highly confidential and sensitive records to any potential buyer. If the seller thinks you are a credible prospective buyer, he or she will let you sign a non-disclosure agreement before the gym’s proprietary information will be opened to you. What is a Non Disclosure Agreement? This is a standard legal agreement presented by the seller to the buyer to protect the former’s gym if a potential sales deal falls through. This agreement gives both parties room for an open and honest atmosphere that may lead to a…
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American Fitness Associates Health Clubs Recommendation

David Nahama 32 Valley View Street West Morristown, NJ 07960 April 14, 2014 Dear sir/madam: If you’re looking to sell your business or purchase an existing one, there’s no better person than Thomas Wynn at Wynn Realty. Thanks to Thomas Wynn I was able to sell my business. Mr. Wynn is an exceptional individual with superior skills and knowledge. I have personally been involved in the health club business for over thirty five years and have met many professionals in this industry; Thomas Wynn is at the top of the list. What I find most amazing is that I originally commissioned brokers in my area; yet, Mr. Wynn was alongside me to assist and guide me through the whole process even though he was located in Dallas. Mr. Wynn is available day and night to guide me and lend me his expert advice. Because of Mr. Wynn’s good judgment and proven work habits, I would highly recommend Thomas Wynn and Wynn Realty. Sincerely, David Nahama President American Fitness Assoc…
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