Owner name confidential

Profitable Group Training/Personal Training Studio

Sherman Oaks, CA | Los Angeles County | 91423

Key metrics

Asking price: $250,000

Established: 2014

Gross income: $360,000

Cash flow: $110,000

Franchise: No

EBITDA: $110,000

Employees: 2+6 contractors

Square Feet: 1,400

Home Based: No

FFE:

Inventory: $6,000 (included)

Real estate:

Relocatable: No

Business description

This is really cool opportunity to control your own destiny, help a ton of people, and make good money!

This is a group training and personal training studio that has experienced steady growth over the past 3 years. This year we will end up doing around 370,000 in revenue with around 110,000 in owner benefit. I can show the right person how to do around 430-450,000 next year. 

As the owner, I perform the following duties...

*Sales
*Marketing
*Staff Management

And minus a couple other basic duties that is about it. We have strong systems in place for everything you could imagine. 

* An internship program and training program for new trainers
* Accountability systems for clients
* Scripts, checklists, etc. for the admin
* Marketing
* Sales scripts and a complete system that makes consultations a breeze! 
* Plenty more.

* There is an amazing staff of trainers and admin staff that is committed to long term success at Fuel Rx.

As the owner, I am not there 24/7 and a few days a week I don't go in at all. I will also provide you with all the tools you need to grow not only this business, but how to expand into a second location. 

It's understandable that you may be thinking "why would you want to sell if this studio is so awesome and you're making money?"

In this case, it really is true that I have another opportunity and we built this from scratch. It's time to move on. 

Competition

A lot of competition in the area. This actually makes it easier for us to differentiate and sell.

Growth

There is potential to move on to a bigger location, open a second, or both. Fuel Rx has a great name in the community and social media presence.

Support

Owner willing to train for as long as buyer needs as long as the timeframe is agreed upon prior to purchase.

Reason for selling

Pursuing another opportunity

Business website

Keywords

fitness business for sale, gym sale, buy a gym, fitness business, los angeles buy business

disclaimer

American Gym Trader has not made any independent investigation, verification or audit of the information contained in this advertisement and makes no representations or warranties, express or implied, regarding the accuracy or completeness of the information contained herein or linked to and assumes no responsibility to its accuracy or completeness. When buying or selling a business American Gym Trader encourages you to seek the advice of a professional business broker. American Gym Trader has no monetary interest in the sale of the business. American Gym Trader does not warrant the Right of Use of any photography, logos or graphics.

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Frequently Asked Questions

Important terms

  • Gross Income - This is the total gross sales and receipts from line 1 of the tax return. Learn more >>
  • EBITDA – Earning Before Interest Taxes Depreciation and Amortization. This financial term is generally only used with multi-million- dollar businesses.
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  • FFE – This is the estimated value of the Furniture, Fixtures and Equipment.
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  • Inventory – This is the estimated value of the retail products and merchandise.
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  • Cash Flow – Cash Flow is often also called Sellers Discretionary Earnings or Owners Benefit. All debts on a business are normally paid off at closing. Cash flow is the total of net profit, owner’s salary, depreciation, amortization, interest, perks and non-recurring expenses.
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