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CODE: LBX1174  

NICHE N. METRO GYM W/EFFECTIVE WORKOUT FOR SALE

Region: Mid-South State: TEXAS City: Collin County
Purchase Price: $239,000Down Payment: $239,000
Real Estate Included: No
Established 15 Years
Gross Sales Most Recent Year: $265,999
Discretionary Earnings (DE) Most Recent Year: $104,259
Fair Mkt. Value Equipment: $50,000

BUSINESS SUMMARY & DESCRIPTION - An awesome opportunity for an entrepreneurial full-time owner-operator who wants a turnkey business with a special niche in the market and members in place. This fitness gym serves not only athletes but the everyday person as well. The business employs a system with years of proven results, as well as years of very satisfied members and high ratings.

Sales and discretionary earnings above are based on the calendar year end of 2017. “Cash flow” above is Seller’s promulgated historical adjusted discretionary earnings for a full-time owner-operator who employs one part-time trainer.

** FFE- $50,000 (E) FMV or 100K (E) Replacement Value – top of the line equipment.

Business Hours - 8am-8:30pm Mon-Thurs.; 8am-7pm Fridays; 8am-2pm Saturdays; Closed Sundays.

The information contained in this marketing is subject to change, corrections, or withdrawal without notice. Information provided herein has been provided by the Seller and not by Broker.

The Seller has listed this business to be sold through an asset transaction vehicle and not through a securities transaction vehicle. This is not an offer to sell securities. This is not a solicitation to sell securities.

Listing Broker Firm: Erin Bonner, Independent Business Broker & Intermediary Call or email: Erin 214-236-1099 for the NDA: or Email: Erin @ LibertyExchange dot com.

FACILITIES – Base rent currently $3,556.58 + NNN -total rent approx. $5,905.50/mo in 2017–with periodic increases – expires about Aug. 2023.

MARKET OUTLOOK & COMPETITION - There is no lack of market for individuals wanting to stay fit, tone up, or lose weight. Its market niche allows it to be supremely competitive with the big guys.

GROWTH POTENTIAL & EXPANSION – the location is poised to reap the benefits of new ownership who understands social media marketing, one with fresh ideas to draw in new customers.

SUPPORT & TRAINING - Negotiable transition training to be provided and included in the purchase price.

REASON FOR SALE - Retirement from Fitness Gym Ownership after 15 years.

Contact Email: erin@libertyexchange.com

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Statements, figures, and representations contained herein this website are provided by and are the sole responsibility of the business owner. Neither the marketing agents, the disseminating parties, or their agents have verified the truth or the accuracy of any and all information included in this advertisement, nor in any forthcoming business presentation report (including any supplemental information provided by sellers) and deny any responsibility therefor. Neither the marketing agents, the disseminating parties, nor their agents make any warranties or representations expressed or implied. As with any business purchase buyer should seek its own competent independent legal & accounting advice regarding due diligence, offers, closings, leases, etc. Caveat emptor.  The purchase of any business carries with it an inherent risk.

"Broker" as defined herein this website and by any other means of information distribution, packaging, or any advertising, non-disclosure agreements, fee agreements, etc. shall be defined as follows:  Broker is one who finds a business for sale and finds a “Single Buyer” (“Single Buyer” herein defined as one individual, company or group formed by same independently of Broker) to purchase said business; or conversely, finds a business for sale for a Single Buyer, and acts as the representative of one or the other OR acts as a Transactional Intermediary representing neither Buyer or Seller, and with no fiduciary relationship to either. Additionally, a Broker as defined herein is one who acts primarily as the conduit of information between the Buyer and Seller/Owner. Broker does not investigate or perform any due diligence on either buyer or seller and advises all parties to seek their own competent legal, accounting and other expert counsel or consultants.   The Broker markets, advertises, collates information provided to Broker by the Parties and/or their Agents.  The Broker also may provide limited negotiations and other packaging, marketing, and administrative functions in the transactional selling process.

"Business" as herein this website and all advertisements is defined as: 100% of a business and not any partial percentage of a company.   

 "Discretionary Earnings (DE)" as herein any advertisement and within this website shall be defined as follows:  Adjusted earnings for one owner's salary, non-recurring expenses, expenses which will go away upon sale (ie. payments on items that will be paid off at Closing, any seller's discretionary expenses not otherwise categorized) and earnings before interest, taxes, depreciation and amortization.

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