The Evolving Impact of the Coronavirus on Business Sales in the Health and Fitness Industry
The evolving impact of the coronavirus is being felt everywhere—but especially in the health and fitness industry as social distancing and shelter-in-place become the new norms. This is a time of uncertainty in our personal lives and in our businesses. The closest thing I can compare it to is the uncertainty everyone felt in October 2008 as the financial crisis was unfolding. Then, like now,...Read More
Business Valuations of Sports & Fitness Clubs in Divorce Proceedings
The value of your family-owned sports and fitness center may be one of the largest assets in your marital estate. As a result, it is essential for both spouses to know and understand the exact value of their business when contemplating divorce. Simply guessing at the value or using rules of thumb, or having someone who is not an expert in the sports and fitness industry could result in a...Read More
Selecting the Right Expert Witness for Your Case in the Health, Sports & Fitness Industry
Selecting the right damages expert witness can make or break your case. Knowing how to pick the right expert is key to obtaining a successful outcome. Choosing the right expert for a litigation matter goes beyond just checking that the person has the right credentials to act as an expert on financial damages. It is equally important that the expert can connect with the judge or jury, and...Read More
The 3 Pillars of Value for a Fitness Club or Business
How do you maximize the value of your fitness club or business? What’s the difference between a club worth $150,000 and $1,500,000? Health, fitness and sports clubs and related fitness businesses typically sell for between 3 times and 6 times their cash flow. That’s a big range, but where you fall in that range is up to you. In order to maximize the value of your club or business,...Read More
How to Value a Health Club or Fitness Center
How to Value a Health Club or Fitness Center If you are an owner or manager of a health, fitness and sports clubs one of your goals is to slowly and steadily increase the value of your business. To do that it is important to understand basic valuation concepts and approaches and apply them in your strategic planning process and in your day-to-day decision making. First, let’s take a look at...Read More
