Off Market
Off Market
Elite Boxing Gym & Fitness Center
$895,000
Virginia Beach, VA
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Gross Revenue
$792,215
Owner's Cash Flow
$259,637
Min Down Payment
$95,000
Employees
2 FT, 11 PT
Business Summary
The owner was a serial entrepreneur with corporate roots who also happened to be an avid amateur boxer. In 2018, the owner opened the first concept in Virginia Beach. The business offers specialized fitness classes focused on functional strength, kick boxing and aerobics. There are 40 total franchises in operations nationwide with an additional 135 locations awarded and in the process of being built out. This is an absentee-owned business with huge potential for growth under new ownership.
Key Highlights
Year established
2018
Real estate
Leased
Reason for selling
The current owner is the franchisor, and wants to focus on expanding the brand and helping new franchisees across the nation.
Support and training
The current owner is willing to remain with the business for up to one year to assist with the transition.
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Consolidated Cashflow
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Gross Revenue | $8,401 | $5,226 | $9,184 |
| COGS | $8,510 | $5,875 | $8,070 |
| Gross Income | ($109) | ($649) | $1,114 |
| Operating Expenses | $9,590 | $338 | $4,469 |
| Operating Incomes | ($9,699) | ($987) | ($3,355) |
| Net Other Income (Expenses) | ($9,287) | ($1,670) | ($5,378) |
| Net Income | ($18,986) | ($2,657) | ($8,733) |
| Interest | $6,438 | $3,147 | $3,656 |
| Depreciation | $4,154 | $7,950 | $9,970 |
| Amortization | $1,675 | $3,632 | $5,836 |
| EBITDA | ($6,719) | $12,072 | $10,729 |
| Add-backs | $63,692 | $76,005 | $57,499 |
| Owner's Cash Flow | $56,973 | $88,077 | $68,228 |
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Projected Free Cash Flow
