Should You Sign a NDA when Buying a Gym of Fitness Center?
There are some steps in the gym for sale process that benefit both the seller and you, the buyer. These steps protect the seller from “time-wasting” buyers, and the buyer from acquiring lemons. One of the most important questions when buying a gym is “Can I see your financial statements?” Numbers provide vital information to help you decide if you should buy a gym or fitness center. Even if a seller has placed the gym on the market, he or she remains reluctant to share highly confidential and sensitive records to any potential buyer. If the seller thinks you are a credible prospective buyer, he or she will let you sign a non-disclosure agreement before the gym’s proprietary information will be opened to you.
What is a Non Disclosure Agreement?
This is a standard legal agreement presented by the seller to the buyer to protect the former’s gym if a potential sales deal falls through. This agreement gives both parties room for an open and honest atmosphere that may lead to a…
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Owning a Gym – From Dream to Reality
Is owning a Gym or Fitness Center in Your Future?
At one time or another, nearly every gym employee dreams of owning a gym. Perhaps you’re tired of all your hard work ending up helping someone else achieve his or her entrepreneurial success, or you may fear for losing your job in a weakened economy. Whatever your motivation, the compulsion to own a gym is strong in many of us. But the risk involved in turning that dream into reality has, all too often, acted to derail even the best-laid plans.
How to Own a Gym
Every prospective gym owner is forced to wrestle with many different kinds of questions. Concerns about money certainly lead the pack, but knowing what kind of gym best suits you is even more important. The best place to start is by examining the reasons why you want to own a gym. Here are some benefits to consider:
Take advantage of all those years of work experience for your own benefit, not for the sake of others.
A flexible schedule allows you to spend more…
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