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  Home > Search Results > For Sale: Health Club, Fitness Center

For Sale Health Club, Fitness Center In Raliegh, Durham County, NC

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Contact: Jim Thomas at 800-929-2898, 214-629-7223 - Log In To Message/Email This Contact
Last Revised: 10/9/19. Posting #: 10249140
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Key Words: gym, fitness center, health club, raliegh, durham
Financial Info: Asking Price: $212,000. Gross Revenue: $632,226. Inventory: $350,000. Rent: $14,424/month. Established: 2018. Large club with 1,400 members and a $32,000 monthly EFT draft.
Profile: Asking Price: $212,000
Gross Revenue: $632,226
Inventory: $350,000
Rent: $14,424/month
Established: 2018

Business Description:
Large club with 1,400 members and a $32,000 monthly EFT draft.
Club was a start-up and opened in 2015. The current Owner purchased it in January of 2018.
He added a sports performance business and a boxing business and has grown the revenue and membership. But the club is still in the red and the owner does not have the funds to see it to profitability.

Detailed Information:
Location:
Durham, NC

Inventory:
Included in asking price

Real Estate:
Leased

Building SF:
25,000

Employees:
2

Facilities:
25,000 square foot club with group fitness, youth sports performance, women’s classes childcare & tanning.

Support & Training:
Yes

Reason for Selling:
Lack of funds.

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Contact: Jim Thomas at 214-629-7223, 214-629-7223 (Cell)   Log In To Message/Email This Contributor
Profile: Jim Thomas is the well-known founder and president of Fitness Management USA Inc., a management consulting, turnaround and brokerage firm specializing in the fitness, health club, and sports industry throughout the United States.
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Contact: Peter Siegel, MBA at 925-701-8064 X313, 925-785-3118 (Cell)   Log In To Message/Email This Contributor
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
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Contact: David Didion at 571-989-6375   Log In To Message/Email This Contributor
Profile: We sell boutique gyms to national fitness center chains. The American Gym Trader Difference: We pride ourselves on being there for gym owners, because we used to be in their shoes! Our team spent more than two decades in the fitness industry, owning a gym just like you do.
Key Words: david didion, american gym trader, business broker, consulting, business valuation, gym, fitness, rockwall
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Contact: Willard Michlin at 805-428-2063   Log In To Message/Email This Contributor
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
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Contributor: Spencer Siegel at 925-701-8064 X315   Log In To Message/Email This Contributor
Profile: Owner sellers begin the process of selling their business with incorrect assumptions derived from a subjective mindset, limiting their ability to properly market to buyers. By understanding the motivations and goals of business buyers better, owners can sell their businesses more quickly.
Key Words: selling a business, seller, buyers, escrow, spencer siegel
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: Determining a reasonable deposit and appropriate timeline for the various steps involved in a small business transaction can ultimately have a large impact on the sale of a business. BizBenNetwork Manager Jordan Green explains the important role that deposits play in a business’s sale.
Key Words: deposits, escrow, deposit, non-refundable deposit, purchase agreement, attorney, cpa, broker, brokers, buyers, buying a business, due diligence, deal structures, jordan green
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: Determining whether to include the value of a business's inventory in the selling price or add the inventory's value in addition to a business's selling price is an issue that occasionally comes up when negotiating the purchase agreement during a small business transaction.
Key Words: selling a business, buying a business, sell a business, buy a business, purchase agreements, purchase agreement, inventory, inventories, value, valuation, valuing a business, selling price, restaurants, restaurant business, online businesses, ecommerce, goodwill, sales multiples, equipment, jordan green
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: Many business owners wonder if there is ever a perfect time to sell their business. Should you sell your business now or wait until your business is more profitable/valuable? BizBenNetwork Senior Facilitator Manager Jordan Green explores this complicated question for business owner/sellers.
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