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North Castle Partners Invests
in World Health Club
Tuesday, April 1st, 2008
GREENWICH, CT – North Castle Partners, along with its co-investors, has announced that it has acquired the Alberta-based World Health Club chain. North Castle is a leading American private equity firm focused on investments in consumer-driven product and service businesses that benefit from healthy living and aging trends.
North Castle currently holds investments in Octane […]
Popularity: 9% [?]
Financial Report On The Fitness Business - Part 3
Wednesday, August 1st, 2007The following report is taken from presentations at this year’s financial panel held March 29, 2007 at the IHRSA Conference and Trade Show in San Francisco.
In our May FitNet issue we presented the 2006 industry financial highlights by Rick Caro. Our July issue featured the original Powerpoint presentation by Steven Reiner of Financo Inc. […]
Popularity: 15% [?]
Financial Report On The Fitness Business - Part 2
Tuesday, July 3rd, 2007The following report is taken from the panel presentations at this year’s financial panel March 29/07 at the IHRSA Conference and Trade Show in San Francisco.
Popularity: 10% [?]
Club Industry Financials In 2006
Tuesday, May 1st, 2007The financial headlines for the health club industry had many major stories in 2005. It was a time of blockbuster deals. 24 Hour Fitness was sold for $1.6 billion to Forstmann Little (who also owns IMG, the largest worldwide sports marketing firm). Then, Fitness First (with more clubs than any one other company in the world) was sold for $1.5 billion to BC Partners, a large UK private equity firm.
Popularity: 12% [?]
What Is Your Club Worth? P5
Sunday, April 1st, 2007If you’re contemplating selling your club, be ready to dig into your files and spreadsheets. You’ll need to provide a plethora of historical and forecasted data to properly put an accurate dollar value on your operation. Without the appropriate information, your club’s price will be reduced (by potential buyers) to the value of its annual EBITDA (earnings before interest, taxes, depreciation and amortization) and an aggressively depreciated assessment of your equipment on site.
Popularity: 5% [?]
What is Your Club Worth? P4
Thursday, March 1st, 2007n the previous article, we introduced the acronym T-EBITDA-Q (Times EBITDA Quotient) * which we use as a mathematical tool to appraise a particular club’s value, by applying it to the standard “3 Times EBITDA” benchmark - which is where we start before applying these other mitigating factors – or quotients. The various quotients used represent a plethora of factors and/or variables (as listed in our first article of this series) that influence (for better or worse) the value of a club.
In this, and our final two submissions of this series, we will explain not only the merit of considering such factors when assessing a particular club’s value, but more importantly, the actual degree (in dollars and cents) to which they can influence the club’s sale price.
Popularity: 4% [?]
What is Your Club Worth? Part 3
Thursday, February 1st, 2007My advice to all operators selling their club(s), is that if you’re hoping to maximize interest and recruit multiple offers, you must be prepared to invest in the time it takes to prepare a proper prospectus – a report that sheds the best light possible on your overall operation by promoting its most redeeming qualities (and all clubs have some) and conversely, by downplaying its challenges.
Popularity: 3% [?]
A Beginners Guide to Insurance for Fitness Clubs
Monday, December 4th, 2006Insurance is one of those costs that we would all rather live without. Most of us will never use it but for the few that do, are they ever glad that they did their homework when they purchased their coverage. I’m sure that there are many as well that wished they had paid more attention while their insurance coverages were being explained to them.
Popularity: 4% [?]
