purchase an existing business
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  1. #1

    purchase an existing business

    My business info:
    Ideal Weight Loss Professionals. The business distributes Ideal Protein Products which is a medically based diet with a medical director. Each dieter comes in weekly purchases food, receives coaching. Appt's scheduled in 15 min increments. Mark up on food 100% each dieter spends roughly $85-100. I currently own the same type of business and have 30 dieters and roughly 20% of income comes from previous dieters each month or additional products offered at the office.

    I am looking to purchase Her location is on the other side of town. She distributes the same product and has 40 active and double inactive. She purchased her business with clientele and her taxes reflect that it was already making profit.

    Having her location gone will ensure that all new dieters in the town and surrounding town will come to me. The closest location is Woburn and this competitor inflates prices (roughly $21 more per week per client) and has poor coaching. The one other location that was in Burlington has closed recently and has consistently sent me all of their clients free of charge due to my networking with them prior to shut down. Each month I roughly have 5-7 new dieters which will double if her location closes.

    Asking price $40,000

    .

  2. #2
    Banned Reputation points: 4530
    Join Date
    Mar 2014
    Location
    Ann Arbor, Michigan
    Posts
    1,289

    purchase an existing business

    How long have you been in this business ?
    I can th I k of two alternatives.
    please give me your contact information and I will describe them.
    Bob
    734.929.3800

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