Health and Fitness Club Chain
| Gross Revenue: | $1,982,000 |
| EBITDA: | $469,000 |
Listing ID: 2314447Listing provided by BizBuySell
BUSINESS DESCRIPTION
The Company is a chain of seven health and fitness clubs in eastern Iowa. The Company has over 40 years of experience providing access to health clubs, personal training & sports performance, group fitness, and additional services.
Key Aspects
· The Company has a strong reputation in the industry with over 40 years
of operating history
· Management estimates that recurring membership revenue accounted
for 90% of total revenue in 2023
· The Company's memberships grew from 8,570 in 2020 to 9,650 by the end
of 2023
· The entity that experienced the strongest growth in health & fitness club
memberships grew at a compound annual growth rate (CAGR) of 13.0%
from 2020 through 2023
· Financials as of 12/23
REF-BN000054952
DETAILED INFORMATION
Inventory
Not Included in asking price
Real Estate
Leased
Growth & Expansion
·Expand geographically to reach additional customer markets within
the state of Iowa and the Midwest
· Grow corporate partnerships including onsite services through
focused sales & marketing efforts
· Increase services by offering virtual workout classes
· Increase customer loyalty by developing an app to track personal
wellness goals
· Grow customer retention by offering loyalty rewards program
· Roll out med spa and recovery services to include IV & red-light therapy, micro needling, lip fillers, and Botox injections
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