Business For Sale

Boxing, CrossFit & Personal Training Gym-West L.A.

Not Disclosed, CA
Los Angeles County

Desirable Westside of Los Angeles


Asking Price: Annual Revenue:
$249,000 $462,080

Services: Medical, Dental


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RE: Boxing, CrossFit & Personal Training Gym-West L.A. Broker: Kevin Berson
License #: 01971034
Owner Financing is Available!
Up to $50,000

Quick Facts

Asking Price: $249,000
Annual Revenue: $462,080
Net Profit: $171,477
Cash Flow: $171,477
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 8
BBN Listing #: 477044315
Broker Reference #: SEA454

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Business Overview:

• Highly diversified business model, with recurring revenue coming from CrossFit, personal training, MMA, Muay Thai, Boxing, kids programs, and events as well as high margin products/supplements
• Business is located in desirable Westside of Los Angeles and has steadily increased revenue and profitability since it was founded in 2012
• Well priced at 2.0x multiple of Seller Discretionary Earnings (SDE)
• Recurring subscription revenue model with approx. 50% of revenue from members on long-term memberships (at least 6 months)
• Favorable parking and long-term lease in high traffic Los Angeles Westside location
• Business pre-approved for SBA financing (buyer puts down 25% and can finance balance at attractive interest rate over 10 years)
• Service-based business with minimal capital expenditure requirements and low fixed costs
• 8 full-time W2 employees (not 1099); all CrossFit coaching staff at least L1 CF certified. Most coaches have 2+ certs and 3-20 years of experience and have been with the gym for at least three years.
• Large social media presence, with some celebrity/athlete members, 5-star rating on Yelp, 1,500+ Facebook fans and Instagram followers.

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Property Features and Assets:

• Company leases 2,800 square feet in high traffic location with access to 25 free parking spots. Lease expires in December 2021, with an additional 3 year option that would extend the lease to 2024. Seller has excellent relationship with landlord and will help secure additional lease options. • Seller willing to assist with transition. Seller is offering 3-4 weeks up to 20 hours per week and is interested in continuing to coach a few of his personal training clients at the gym to maintain continuity. Seller currently coaches 5 personal training clients and would like to continue coaching them and would provide 40% of revenue to the new owner (consistent with what other personal trainers pay the gym).

Market Competition and Expansion:

• Enhance/expand online marketing and social media (sellers admit this could be improved). • Partnerships within the West LA business community (offering free or discounted trials). • Offer mid-day classes, which would likely be successful given the large business community located within walking distance to the gym. • Offer nutritional services. • Offer additional programs for kids.

Reason for Selling:

Owners have decided to leave So. CA

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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