Services - Amusement & Recreation | Services - Health, Medical & Dental

Asking Price	$1,000,000	Inventory	$250*
Gross Income	$404,000	Real Estate	n/a**
Cash Flow	$196,000	Year Established	2005
FF&E	$150,000*	Employees	1 ft

* included in the asking price

** not included in the asking price

This is a corporate run store of one of the fastest growing fitness franchises in the country. In 2006, the net profit of $162,000 was 40% of gross revenue. That was the first full year of operations. For the first 8 months of 2007, the net income is 58% of total revenue. Based on the first 8 months of this year, gross revenue is forecasted to grow over 31% this year. The price is based on an EBITDA multiple of 3.3x the weighted average of 2006 EBITDA and 2007 s projected EBITDA of $353,000. The store is run by the same principles and processes that are available to franchisees. A store manager is responsible for day to day operations of the club. Absentee ownership is in place now and could work just as well for the purchaser of the club. Under the same working conditions, it is likely that the current manager will stay on with new ownership.

Facilities: Average monthly profit in 2007 - $26,000 Occupancy Cost at 10% Currently absentee owned/management run Forecast EBITDA of $300,000+ in 2007 Forecast Revenue of $500,000+ in 2007

Competition: Minimal competition.

Financing: Seller is willing to provide standard carry for a qualified buyer.

Support/Training: Seller willing to provide industry standard training.

Reason Selling: Seller wishes to pursue other business interests.