: Fully removed ownership with bulletproof systems and low churn (under 4% monthly).
: Review the last three to five years of federal tax returns and compare them directly against reported internal P&L statements.
: Audit the active, paying member count. Beware of "registered" lists that include uncancelled or non-paying members. Analyze the churn rate —the percentage of members leaving each month—to gauge long-term stability.
: The owner is the primary engine (coaching, sales). You are essentially "buying a job".
: The gym has established staff and systems for retention.