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.
Contact Us today!
With over 25 years of experience owning, operating and managing clubs of all sizes, Jim lectures and delivers seminars and workshops across the country on the practical skills required to successfully build teamwork and market fitness programs and products.
Since forming Fitness Management, Jim has been turning health clubs around at an amazing rate and garnering a reputation as a producer of change...a sharp-eyed troubleshooter, a brilliant sales trainer, and a motivator. Fitness Management provides programs that show measurable results and Jim's team is proud of their ability to glean profit from every square foot of a client's investment.
A dynamic, articulate motivator, Jim exudes confidence without artifice and accomplishes wonders without the bruised feelings that can so often accompany change. "We pride ourselves in reaching people and motivating change in a way that encourages self-esteem on the part of the players."
Whether you operate a health club, fitness center, gym or other type club, Jim Thomas and Fitness Management have a program to fit your need, expand your market base, and keep your members and staff productive and enthusiastic.