Background
| BizEx ID: | BizEx1332-SL |
|---|---|
| General Location: | Los Angeles, CA |
| Category: |
Gym, Physical Fitness eCommerce |
| Years in Business: | 6 |
| Under Present Owner: | all |
| Hours of Operation: | 9am-5pm |
| Owner Hours: | Flexible |
| Training: | 4 weeks @ 40 hours |
| Organization Type: | LLC |
| Lease Expiration: | 4/30/2022 |
| Lease Options: | |
| Building Size: | 4140 |
| Employees: | 0 |
| Reason for Sale: | strategy |
Financials
| Asking Price: | Call |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $3,021,314 |
| Discretionary Cash Flow: | $316,368 |
| FF&E: | $18,500 |
| Inventory Included? | |
| Inventory: | $480,000 |
| Min. Operating Capital: | $180,000 |
| Real Estate Available? | No |
| Rent: | $5,256 |
| Payroll: | $20 |
| Financing: | SBA |
| 2021 | 2020 | 2019 | |
|---|---|---|---|
| Gross Sales | $ 3,021,314 | $ 2,743,423 | $ 2,361,861 |
| Gross Profit | $ 1,447,211 | $ 1,079,157 | $ 1,035,887 |
| Disc. Earnings | $ 316,368 | $ 208,859 | $ 394,478 |
Pictures
Description
An eight year old branded eCommerce company offering a functional fitness subscription box service to over 4,500 customers. The contents of the quarterly box are fitness apparel items, fitness supplements and small workout equipment. They procure these items from various manufacturers, box them up and ship to their customers. The business offers consumers a convenient and fun way to discover new products and brands that complement and elevate their functional fitness lifestyle. The business transitioned from a monthly service to a quarterly service in 2021 and hired a financial firm to provide projections. The strategy change was about reducing expenses/expanding margins. The owners are open to a 30% equity investment or a 100% buyout, or something in-between.
- 10% revenue growth in 2021
- 8% customer churn
- 480K in current inventory
- Two owners focus on strategy, operations and partnerships
- 320 brands that they have partnerships with
- Loyal and well-trained staff that is hourly rate compensation, most have been with the company for 2 to 4 years
- Owners are willing to stay on post sale or depart
Please contact Steve Lukes, M&A Advisor, 310-871-2909 or slukes@bizex.net
Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.
