Boutique Fitness Center Sale Readiness Checklist
10 Key Things to Prepare Before Listing Your Studio
1. Organize 5 Years of Financial Statements
- Profit & loss statements, balance sheets, and cash flow statements
- Reconcile with tax returns and ensure consistency
2. Clean Up Your Books
- Remove personal expenses from business accounts
- Normalize owner compensation if applicable
3. Document All Revenue Streams
- Membership types (monthly, annual, class packs)
- Personal training, group classes, merchandise, events
4. Review Membership Data & Churn Rates
- Prepare active vs. inactive member counts
- Provide monthly retention rates and average member lifetime value
5. List and Assess All Equipment
- Inventory of owned vs. leased equipment
- Maintenance history and current condition
6. Compile Operational Manuals
- Document SOPs for class scheduling, member check-in, cleaning, instructor onboarding, etc.
7. Lease & Facility Review
- Secure a copy of the lease agreement
- Note lease terms, renewal options, and landlord relationship
8. Evaluate Staffing & Contractor Agreements
- List of current instructors, roles, and employment terms
- Include any non-compete or non-solicit clauses
9. Detail Technology Systems
- List CRM, booking platform, member management software, marketing tools
- Include usage stats and contracts if applicable
10. Identify Growth Potential & Differentiators
- Highlight unique community engagement strategies, niche markets, or scalable models
- Note any franchising opportunities, partnerships, or expansion plans
Want to know how prepared your clinic is for a sale? Contact us for help.
