- City: Sherman Oaks
- State: California
- Country: United States
- Zip/Postal Code: 91423
- Listed: January 1, 2019 3:06 pm
- Expires: 6 days, 2 hours
PRICED FOR FAST ASSET-BASED SALE (same as a regular sale except you just set up a new company). I know a lot of b.s. ads say that but, Here’s the deal… I am selling because I’ve been doing this for 4+years and need to move out of state. This is an owner/operator situation where the owner will have to learn/run the business to a certain extent. That extent includes…
- Managing Staff
- Running Systems
We did 375k in revenue in 2017 with 126k in owner benefit (salary+net income of business) and 404k revenue and 85k owner benefit in 2018. We have great trainers in place, an awesome assistant manager, and awesome clients.
We provide group training and small group training mainly to busy moms between 35-50. There are no guarantees and this will be an adventure!
I do have another scenario that could work too…. I have a trainer that wants to take over, but she doesn’t have a down payment. You could be the money, give her a portion of equity, and be completely (as much as you want) hands off.
In that scenario you could just be a lot more patient with your ROI.
This is a great location by the way.
A Recommendation of Jim Thomas, President of Fitness Management and Consulting
by Norm Cates, Club Insider Publisher and Tribal Leader Since 1993
Jim Thomas is a talented, experienced, dedicated, determined, and very professional expert in the health, racquet and sportsclub industry. A club industry veteran of over 30 years, Jim has been a Club Insider Contributing Author since March of 2006, when he joined our Club Insider Contributing Author Team. During that time Jim has written and contributed 50 articles which have been published during our 284 months of Club Insider publishing. Jim Thomas is a truly great asset to our publication, and to our wonderful industry, and he can be trusted to deliver great results, over and over, no matter what the challenge.
When is it Time to Sell Your Health Club or Gym?
Many factors will tell you when it is time:
- Owner’s “burn out” Owner’s or key employee’s health problems
- Business relocation or rerouting of expressways
- Lease expires and you do not want to renew for another term
- Changing technology Get estate in order
- Not interested in investing long-term capital
- Children do not want to enter family business
- Largest accounts in financial difficulty
- Bank unwilling to renew credit lines
- Supplier problems
- Staff problems
- Customer’s habits changing
- Seeks retirement
- Wants to cash out and go fishing
Whatever the reason, you will need to plan an orderly transition to new ownership with less involvement on your part.
For more info, please call us at 214-629-7223.