: Audit the active, paying member count. Beware of "registered" lists that include uncancelled or non-paying members. Analyze the churn rate —the percentage of members leaving each month—to gauge long-term stability.
: Combine the gym's net profit with the owner’s salary and "add-backs"—personal expenses the business covers, such as health insurance or cell phone plans. The Multiple Ladder : how to buy a gym
Before signing any binding agreements, verify the seller's claims through a deep dive into hard data. : Audit the active, paying member count