Business Profile Questionnaire

Because of our industry knowledge and experience,  we have ready, willing and qualified buyers looking for good opportunities nationwide. To help us better understand and meet your particular goals, please provide us with a few details about your business below. These initial questions are important in helping us identify opportunities that meet our marketing criteria’s and align with our database of potential buyers.
(Your answers will be kept confidential, until you permit us to share them, and are simply used for a quick evaluation as to the marketing potential of your business).

    Business Overview :

    ANSWER:

    Name of Business?

    When was the business started?

    What city and state is the gym located in?

    How many members do you currently have?

    What is the reason for selling?

    What are the annual gross sales?

    What is the estimated annual owner income?

    What is the monthly lease rate and does this include CAM fees?

    What is the remaining lease term and are there any renewal options?

    If so, what are they?

    What is the square foot size of your facility?

    Please explain the type of gym / or exercise platforms you have.

    Do you have a website, and what is the URL?

    FRANCHISE:

    Is the business a franchise?

    How many years are remaining on your franchise agreement?

    Can the business be sold and “de-branded” from the franchise? (in other words, can you sell the business without the franchise agreement, then de-brand?)

    PREP TO SELL QUESTIONS:

    What is your asking price?

    Do you have a justification for this asking price?

    Do you have available an equipment list (all including signage, computers etc..) ?

    And other business asset lists (like tenant improvements) ?

    What is the value of the total assets currently?

    How much debt do you owe on the equipment?

    What are the terms of the equipment debt?

    Do you have any other debt attached to the business?

    What are the terms of the other debt?

    Are you interested or open in any seller financing?

    What would be your ideal time frame to sell?

    Please provide a paragraph or two description about the benefits, feature, management team or location etc. we can share with prospective buyers

    Any comments you would like to add?

    True and Correct

    It is understood that the purpose of this questionnaire is for information gathering only, and is in no way binding upon you or us to market your business for sale.

    By selecting True and Correct, and submitting this questionnaire, you hereby state that the information provided is true and correct and acknowledge that we and/or a potential buyer may reply on this information.