Business Valuations

WONDERING WHAT YOUR HEALTH CLUB IS WORTH?

Fitness Management Is The Health Club Industry’s Valuations Expert!

Regardless of where your club is located, we have the experience and tools to quickly and accurately evaluate your business. By working with Fitness Management you have the advantage of dealing with over 25 years of health club experience.

WHY DO PEOPLE NEED BUSINESS VALUATIONS?

The top 5 reasons to obtain a business valuation are:

1. Planning for sale
2. Obtaining financing
3. Conducting annual review
4. Enhancing value
5. Tax or legal issues

HOW DO WE ESTABLISH THE VALUE?

Ultimately, the club is worth what the market will bear. This means that the club is worth the highest price a Buyer is willing to pay!

With that said, although we look at several different valuation methodologies, there are three that generally carry the most weight. They are: (1) multiple of earnings, (2) asset-based valuation, and (3) discounted cash flow analysis. Our valuation experts will value a club with more than one of the methodologies simultaneously, comparing results among the different approaches to determine a correct valuation, all the time keeping in mind the strengths and weaknesses inherent in each approach.

WHAT DO WE NEED TO GET STARTED?

All clubs are different. Some clubs keep great books and records. Others keep very little. We can work around any situation. However, most often we require:

1. Three years of business tax returns or profit-and-loss statements.
2. Current year-to-date profit-and-loss statement.
3. Current balance sheet.
4. Approximate value of furniture, fixtures, equipment, and inventory.

HOW LONG DOES IT TAKE?

In most cases, we can provide the valuation within 48-72 hours of receiving the COMPLETE packet.

WHAT DO I GET?

The completed Business Valuation consists of a 15 – 20 page bound document listing the:

  • Value of the business
  • Valuation methodologies used to establish that value
  • Descriptions of each valuation methodology
  • Possible financing scenarios.

HOW MUCH DOES IT COST?

The cost of the valuation is $1,500.00 if the business has clean books.

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Testimonials

I contacted Jim Thomas and Fitness Management & Consulting around November 2010. We made arrangement for him to come out and do the two day sales training. I was a little skeptical at what difference could be made in two days of sales training. However I put that aside and embraced his teaching and philosophy and what a difference it has made. Our previous best month prior to Jim coming out was 31 signs. He came out toward the end of December and when he left we had one week remaining, we signed 18 people in that final week, more than any single week we had prior. The following month we signed 66 people, which at a high price point facility isn't too bad considering where we were. After that first full month it was off to the races. We then retained Jim for the ongoing three times a month teleconferences and webinars and have been doing so for the past year. We have more than doubled out membership basis and more than doubled our membership dues. One of the most important things he gave us was correct mind set for sales and set the bar where it should be. Prior to Jim we thought that 31 was a really good month now we know our goals should be 150-200 in a month and he has given us the tools to do so. One of the best things in dealing with Jim on an ongoing basis is that he really seems to genuine care about you and your companies success. He always makes himself available to answer questions and doing one on one training with employees who need it even when it does not fall within the normal scheduled teleconferences. I really can't say enough about how great it has been to work with Jim and how much he has help our business grow. I have recommended him to people who ran even in the fitness industry because well sales are sales. If you own a fitness club I can't imagine why you would have him out to at least do the two day training it is well worth every penny, you WILL make back every dollar and then some faster than you can imagine.

Matthew T.

800-929-2898

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