Leisure Venue & Fitness Business — 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
2.5×
Typical
3.5×
Max
5×
Revenue Model
Recurring
Capital Intensity
Medium
A typical multiple of 3.5× EBITDA reflects mid-market transactions in the $1–$50M revenue range.
Overview
Leisure venues and fitness businesses typically trade at 2.5×–5× EBITDA. Membership-based recurring revenue, prime catchment area locations, and diversified activity offerings support the upper end. Corporate wellness contracts provide additional revenue quality. High capex for equipment and refurbishment, lease commitments, and competition from low-cost operators are the main valuation constraints.
Key Value Drivers
- Membership-based recurring revenue
- Prime catchment area location
- Diversified activity offering
- Corporate wellness contracts
- Strong brand and community loyalty
Key Risks
- High capex for equipment and refurbishment
- Lease commitment and rent reviews
- Low-cost competition
- Seasonal membership cancellations
- Economic downturn reducing discretionary spend
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.