Personal training studio
Three facts.
- 01
- The owner's seat costs the buyer nothing - on paper.The listing says the people who run the day-to-day are already paid for, so the model buys nobody new. If that is wrong, a market-rate hire eats most of the stated EBITDA.
- 02
- Established 2012; three full-time and two part-time staff, plus a contractor.The owner is at 10-15 hours a week, says the listing; the latest public record still shows the founder as owner-operator.
- 03
- 25-minute coached sessions by appointment, on a trademarked method of its own.120+ members on monthly autopay produce $491,700 of revenue a year in Pinellas County, FL - about 97% of it recurring, says the seller.
Two ways to own it.
Both lines are the same because the seat is carried at $0: the listing says a full-time manager and a team already run the studio on the owner's 10-15 hours. Price a manager in diligence before you believe the second line.
Ranges are our reconstruction of the numbers, on our normalized view of earnings, not the seller's figure. Each band starts at its conservative end.
Two of 6 findings.
+4 more in the full file
Cheaper than 56% of 25 similar businesses.
2.5x the seller's EBITDA; the peer median is 2.7x. Based on asking prices, not completed sales.
Each one written out, with what would soften or close it before an offer.
28 questions answered in plain words, from “What does the business actually do?” to “What to do next”.
Resolved by the desk to a name and an address; the original listing and the broker are in the member file. Why no names?
Written from the conditions and the open checks, in the order we would ask them.
30 things no document we found decides, each with the document that would.
Five-year projections per basis, the downside case, debt cover year by year, and the scenario workbook; the trail: 41 checks for this trade, each with its evidence and status.
The name, the condition, the questions for the broker.
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1,000 listings screened · 7 researched to the end · 5 published · Edition No. 8, 10 October 2026. We have no stake in whether this deal closes.