Gym & Fitness Centre — Business Valuation Multiple
EBITDA Valuation Guide · Small & Mid-Sized Businesses
Actual EBITDA multiples can vary materially based on EBITDA size, growth, recurring revenue, margins, customer concentration, owner dependence, geography and other company-specific factors.
Min
3×
Typical
5×
Max
7×
Revenue Model
Recurring
Capital Intensity
Medium
A typical multiple of 5× EBITDA reflects mid-market transactions in the $1–$50M revenue range.
Overview
Gym & Fitness Centre businesses may trade across a broad 3×–7× EBITDA range, with a typical multiple around 5×. Valuations are driven by recurring memberships, low churn, utilisation and differentiated services. Businesses with stronger recurring revenue, diversified customers, transferable teams and lower owner dependence generally attract the upper end of the range. Key risks include member churn, equipment capex, rent, competition and trainer dependence.
Key Value Drivers
- Recurring memberships
- Low churn
- Utilisation and differentiated services
- Transferable management and operating systems
Key Risks
- Member churn
- Equipment capex
- Rent
- Competition and trainer dependence
- Economic and market volatility
Related Industries
Disclaimer: All multiples are indicative estimates only and are not formal valuations or investment advice. They should not be relied upon for financial decision-making without independent professional advice.