Renowned Bootstrapped Fitness Company
| Asking Price: | $9,000,000 |
| Gross Revenue: | $8,333,098 |
| Cash Flow: | $2,016,518 |
Established, multi-division fitness company based in the UAE boasts impressive organic growth, fueled by a debt-free model and partnerships with prominent government and international hotel entities. The business is run independently from the owners by a General Manager who will continue to stay on after the sale.
Despite the challenges of the COVID-19 pandemic, the company saw revenue of $6.0m in 2022, with an EBITDA margin of 28%. In 2023, revenue increased to $7.0m with an EBITDA of $1.2m. The 2023 level of EBITDA margin was unusually low because the company had gone through a year of capacity growth and investment for one large project.
Note: (*) Both the revenue and the cash flow numbers quoted are represented by the company's 2024 estimated numbers.
The company has achieved a long history of progressive expansion and delivering growth across multiple revenue streams. To date, the company has grown to 150 employees and more than 20 operational locations across UAE. Having multiple service offerings is beneficial because (a) it creates cross-sell opportunities and (b) attracts large organizations that want to offer a complete (rather than limited) set of services to their employees.
Revenue is projected to reach $10.5m in 2027E, with an EBITDA margin of 26%.
