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

We needed someone who would not only give us the specific information we needed, but would see that we asked the questions we did not know to ask. Jim gave us this and more. We have been in our facility for four months after a year of preparation and pre-sales. As I think back, Jim was instrumental in all the main systems and decisions we made. What he did for us is give us perspective that we did not have the time to develop on our own. He has the experience to determine likely outcomes of specific advertisements, how much one should budget for employee expenses, how to make the biggest impact with changes to the club, how to work pricing strategies, how to motivate and inspire sales staff. These are just a few major areas in which he gave us direction. I feel strongly that Jim would be an asset to any club undergoing growth, change or in need of repair.

R. Dover
Fitness Works

800-929-2898

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