When Purchasing Assets of a Health Club, Plan for an Orderly Succession

When purchasing the assets of a health club, make sure to plan for an orderly succession.

Photo of hands passing a keyPhoto of hands passing a key

Many of the tasks the buyer of a health club must accomplish upon taking ownership will sound familiar to anyone who has moved into a new house or apartment. Insurance must be purchased, telephone and utility services must be arranged, the locks need to be changed. Other important items on this enormous to-do list speak to the specifics of business ownership - open a bank account, obtain all necessary licenses, arrange for electronic funds transfer, print up stationery and business cards, review equipment leases.

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