Business For Sale

Premier Multi-Function / CrossFit gym in West LA

West Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$395,000 $502,655

Retail: Health, Beauty, Nutrition


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RE: Premier Multi-Function / CrossFit gym in West LA Broker: Kevin Berson
Owner Financing is Available!
Owner willing to finance $50-100k

Quick Facts

Asking Price: $395,000
Annual Revenue: $502,655
Net Profit: $213,869
Cash Flow: $213,869
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 10
BBN Listing #: 645744315
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
• Business is located in desirable Westside of Los Angeles and has steadily increased revenue and profitability since it was founded in 2012
• 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
• Company investing in marketing and member on-boarding tools which should continue to increase profitability
• Service-based business with minimal capital expenditure requirements and low fixed costs
• 10 full-time employees; all (CF) coaching staff at least L1 CF certified. (Most coaches have 2+ certs and 3-20 years of experience.
• Large social media presence, with some celebrity/athlete members, 5-star rating on Yelp, 1500+ Facebook fans and Instagram followers.
• Well-diversified gym reasonably priced at 2.1X multiple of seller discretionary earnings

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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 2018, with an additional 3 year option that would extend the lease to 2021.

Reason for Selling:

Retirement

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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