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What Is Your Club Worth? P5

If you’re contemplating selling your club, be ready to dig into your files and spreadsheets. You’ll need to provide a plethora of historical and forecasted data to properly put an accurate dollar value on your operation. Without the appropriate information, your club’s price will be reduced (by potential buyers) to the value of its annual EBITDA (earnings before interest, taxes, depreciation and amortization) and an aggressively depreciated assessment of your equipment on site.

Popularity: 5% [?]

Posted in Premium Content, Management, FitNet, Financial, April 07 | No Comments »

Beware of the Predator…Premises Costs

Many independent club owners purchase fitness facilities because they love fitness. We are the teachers, motivators and fitness technicians spreading our passion to the masses. We know which programs work, what classes to run and how to service our members properly. But do we know enough about the mechanics of business to run a profitable fitness facility?

Popularity: 6% [?]

Posted in Management, FitNet, April 07 | No Comments »