The Do’s and Don’ts of a Fitness Center Valuation
Whether you own a fitness center and want to sell it, or you’re an entrepreneur who wants to acquire an existing gym, one way or another you will need to know what the gym is worth. On the selling side, the idea is to make the price low enough to attract plenty of buyers, but while making sure that you’re not leaving potential profits on the table. From the buyer’s point of view, you want to determine the value of the fitness center in comparison to the listed cost. The price you pay for a gym can seriously affect months or years down the road of profits, so this is factor is not to be taken lightly. In many cases, a seller of the fitness center will engage the services of an industry expert to assess the value of the business they wish to acquire. These experts may arrive at vastly different figures. Their ability to compromise can result in a mutually satisfactory transaction for both buyer and seller, but much of that process may be based upon what method each side uses…
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