Details - Information last confirmed on March 31, 2021
This is an opportunity to acquire a business that provides refurbished and new fitness equipment to commercial, institutional, and retail clients across Ontario. The company is a dominant player within its niche, leveraging long term relationships with both suppliers and clients. Over the years the business has seen substantial growth and changing consumer preferences post-COVID represent significant opportunity for further expansion.
The company is an approved vendor for many institutional and commercial clients. Recently, following the closure of commercial gyms, the business has seen significant growth among its retail client base. This success is expected to continue as the business expands through new product offerings tailored to both retail and institutional clients. The business has a strong reputation within the industry, creating a loyal, diverse, and recurring clientele.
The company has been operating for over two decades. Under its current management, the business has built a respectable gross product margin by capitalizing on market trends, and consumer demand, and well negotiated, exclusive supplier contracts with major fitness brands.
The opportunity is ideal for a private buyer seeking to acquire a rapidly growing, industry dominant business, or an existing sporting goods provider looking for a strategic acquisition and diversification of its product offering. Significant experience in inventory management and controls, as well as relevant fitness industry experience can be of additional benefit.
Offers priced at a market rate multiple of EBITDA will be accepted. A working capital amount of $400,000 is included in the asking price.
Asking Price: $1,100,000
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.