Leading Fitness Equipment Distributor
Washington
Client Code: BN000059769
Revenue (TTM): $15,212,174
EBITDA (TTM): $1,131,448
The Company is a premier distributor of leading fitness brands. Serving Washington, Oregon, Northern California, Utah, Montana, and Western Wyoming, the Company has over 30 years of industry experience. As a trusted partner, the Company offers comprehensive services, from designing and installing fitness spaces to providing equipment sales, specification, maintenance, and post-sale support.
Key Aspects
- From 2021 to 2023, gross profit and adjusted EBITDA margins averaged 33.5% and 6.8%.
- Total revenue increased by 12.3% from 2021 to 2023.
- Management notes approximately 70.0% of revenue is generated from repeat clients.
- The Company is renowned for its exceptional customer service and serves as a comprehensive solution for its clients, offering fitness equipment, accessories, and preventative maintenance contracts.
Opportunities
- Expand geographically to new regions like Southern California, Eastern Washington, Idaho, Montana, and Nevada, to capture untapped markets and build brand presence.
- Launch an online marketing campaign to enhance sales platform to reach a broader customer base.
- Leverage existing website to include an online sales platform, increasing B2C sales.
- Expand the service department into regions beyond Washington and Oregon to enhance revenue streams in current market positions.
Headquartered
- Washington
Current Markets
- The Company serves the health and fitness industry across diverse sectors, including multifamily residential, corporate offices, education, hospitality, parks and recreation, and government facilities such as police and fire departments.
Real Estate
- The Company operates out of three facilities, collectively totaling 14,200 square feet, which are leased from unrelated third parties. Management notes that the leases are assumable, and business is easily relocatable.