gym broker | Gyms for Sale | Fitness Centers for Sale | Health Clubs for Sale Directory - Fitness Management and Consulting

Decide if you need a partner to buy a gym

Is the Gym for Sale Priced Right

Buy a gym that matches your skills and experience

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…

5 Major Mistakes When Buying a Fitness Center or Gym

Owning your own fitness center or gym can be a very financially rewarding experience. The thrill of being the boss and having complete control over your own destiny are the primary reasons people leave the work force to operate their own gym. Owning your own fitness center or gym can easily turn in to a nightmare if you make mistakes. These mistakes are avoidable if you know what to look for in the gym. You have a better chance of becoming a millionaire if you avoid these 5 major mistakes when buying a gym. 1) Due Diligence, Due Diligence, Due Diligence Not everything is as it seems and that is especially true when buying a gym. The owner can produce financial statements that show a gym is thriving. You need to do due diligence to make sure the information presented to you is valid and shows an accurate picture of the condition of the gym. You want to make sure you know what items the gym actually owns, what is leased, what is owed to the gym and what the gym owes to oth…

How Do You Get Gym or Fitness Center Financing From The SBA?

The U.S. Small Business Administration has various loan programs that provide gym and fitness center for small businesses. It particularly caters to new and existing small gyms that are unable to secure business loans from lending institutions on their own. The SBA does not directly provide financing. It works with other lending companies and guarantees that the SBA will pay the loan if the gym defaults on it. This makes the lending company more confident in offering gym loans. Here is some information on these loans. How to Get a Business Loan for your Gym The SBA has a standard set of criteria for loan applicants: 1. The gym should be small with at most $7 million in tangible net worth and a net income of $2.5 million or less. Size limits can vary according and are determined by the number of employees and annual income. 2. The gym must be operated for profit. It should be capable to generate cash flow to repay the loan. 3. The gym should be in the United Stat…

The Role of Health Club Appraisers

If you are looking to buy or sell a gym or fitness center in the near future then you may want to consult an independent source for an accurate valuation of the business. No matter whether you are buying or selling, you should get your own valuation so you know what sort of figure you should expect to pay or receive. This is where a specialized health club business appraiser comes in. The role of health club business appraiser in the buying and selling of a gym is to establish the value of the gym in question, put in the simplest possible terms. Of course, there are a lot of different aspects to the role of health club appraisers, but that is the general function. As such, they are vital if you are a budding entrepreneur and want to expand your health club portfolio or wish to get on that ladder in the near future. What Do Health Club Appraisers Do? The role of health club appraisers is essentially to go into a gym and value the total property and assets to be sold. Thi…

Selling your Gym | Fitness Center | Health Club

Fitness Management & Consulting has buyers for clubs in your area. Call us today for a free broker's opinion of value. We are seeking facilities between 5,000 - 75,000 square feet and can include real estate. We know that selling your gym, fitness center or health club can be an overwhelming process. We can help you with a free broker's opinion of value, marketing to the broadest possible audience and negotiating the best possible return on your investment. We will match our buyers and network with your health club to confidentially market your business to targeted buyers and obtain maximum exposure. With our broker expertise, a proven and well-established marketing approach along with a network of health club and gym buyers...Fitness Management & Consulting will get you the best available sales outcome. Call us today at 800-929-2898, emailjthomas@fmconsulting.net or visitwww.fmconsulting.net orwww.fmconsulting.net/gymsforsale.

Health Club, Fitness Center and Gym for Sale Broker

A health club broker is a professional business intermediary brokerage organization specializing in Health Clubs for sale. They perform business evaluations, Mergers and Acquisitions serving Texas, and represent clients on a nationwide basis in both the small closely held business up through the large private and corporate holdings. Email us today with details on your club. When is it Time to Sell? Owner’s of Health Clubs all reach a point in the history of their enterprise when it is time to “hang it up.” 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 Under-capitalized Largest accounts in financial difficulty Bank unwilling to renew credit lines Supplier…

How Do You Quit Your Job & Buy Your Dream Gym?

Starting a new gym is a daunting prospect for anybody, whether you are a budding entrepreneur or just an ordinary individual that wants to do what you love for a living. Whilst we all dream about quitting the day job that we hate and working for ourselves, there are many factors to consider and the process has to be fully thought through if you want to stand a chance of succeeding with your dream gym. There are certain things that you should think through and processes you should complete before quitting your day job and buying your dream gym. The eight steps below will provide you with a quick guide as to what you are supposed to do and help set you on the path to quitting your day job and buying your dream gym. Step One - Play To Your Strengths If you are considering the possibility of acquiring your dream gym then the last thing you want to do is to rush into buying any gym that seems cool. You must have a passion for the gym if you want it to be your ultimate dream …

How to Buy a Gym the Right Way

Buying a gym or health club is a big and life-changing decision that also involves your family. You have so much at stake – your savings, energy and time – that the buying process could be overwhelming. Buying an existing gym is less risky than starting a new one. Its advantages include an existing market, trained employees, ongoing revenue and a proven working system in place. With these conditions in place, the question now lies on your capability to run the gym. Are you ready to be an entrepreneur? How can you avoid making the wrong decisions when buying a gym? How to Buy a Gym for Sale 1. Choose a gym you are not only interested in, but one that matches your skills and experience. Not knowing anything about the gym will entail spending valuable time and possibly costly mistakes to acquire the necessary knowledge. What type of gym matches your skills? The gym should thrive from your strengths. Choose a gym that you enjoy and find fulfillment. 2. How much cash …

Owning a Gym – From Dream to Reality

Is owning a Gym or Fitness Center in Your Future? At one time or another, nearly every gym employee dreams of owning a gym. Perhaps you’re tired of all your hard work ending up helping someone else achieve his or her entrepreneurial success, or you may fear for losing your job in a weakened economy. Whatever your motivation, the compulsion to own a gym is strong in many of us. But the risk involved in turning that dream into reality has, all too often, acted to derail even the best-laid plans. How to Own a Gym Every prospective gym owner is forced to wrestle with many different kinds of questions. Concerns about money certainly lead the pack, but knowing what kind of gym best suits you is even more important. The best place to start is by examining the reasons why you want to own a gym. Here are some benefits to consider: Take advantage of all those years of work experience for your own benefit, not for the sake of others. A flexible schedule allows you to spend more…

How Do I Get Advice on Buying a Gym?

Buy a Gym Today - Profit When? There's an old saying that states, "Free advice is worth [only] what you pay for it." While this is true in many situations in life, how does this homily apply to buying a gym? After all, anyone who wants to buy a gym will need some serious advice on the matter. They will want answers to such questions as, "What kind of gym should I buy?" and "What's the advantage of a franchise over an existing gym?" and "How do I know it's a good price?" and so many more. Additional concerns arise once the reality of buying a gym starts to sink in. Then buyers will want to know, "How much money do I need to operate the gym properly?" and "When will I start to show a profit?" The novice may not even know which questions to ask, not to mention having a clue about the answers. In this situation, free advice is both available and worthwhile. Even the cost of paying for such advice is nominal. Advice on Buying a Gym So do you settle for free advice, or pay som…

Finding Gyms for Sale with Seller Financing

Financing a Gym Purchase Few people who wish to buy a gym have the kind of cash it takes to pay 100 percent of the purchase price up front. Some sort of financing is almost always necessary. The traditional path to financing the purchase of a gym involves sitting down with a banker, filling out a loan application, and waiting to see if you qualify. Once the loan is approved - assuming everything is in order - you have the funds you need to proceed. Whether you are buying an existing gym, starting one from scratch, the path to gym ownership almost always runs through some sort of financial institution, whether commercial bank, credit union, or private equity firm. But there is another route available to you, if you happen to be buying a gym that is already up and running - having the existing gym owner provide some or all of the financing. What is Seller Financing? In its simplest terms, seller financing means that the current owner of a gym offers to carry some or all of t…

Can a Health Club Broker help you Buy a Gym?

If you are considering a health club broker to help you purchase a gym, it is important that you understand exactly what health club brokers do, what help they offer, and what you should look for in a health club brokerage firm. A health club broker works with you to access your needs and help you through the buying process. In most cases, the health club broker's fee is a percentage of the selling price, and is paid once the sale is complete, either by the buyer or the seller. Health Club brokers work somewhat like realtors. A good health club broker will evaluate the gym, and provide you with financial statements and cash flow statements for the gym you are considering. While they do not provide financing, they will usually work with you to find financing, or help the seller to owner finance the gym in a way that protects both parties. A health club broker that is working for you will ask you several questions, including why you want to start a gym, what your educational …