Membership Community with 35+ Chapters Nationwide - New York Chapter
Off-MarketNew York, NY
Membership Based Communnity With 35+ Chapters Across The United States
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$1,440,000
$376,015
26.1%
2023
30+ Days
Customers
CEO's, Business Owners, Entrepreneurs, and C-Suite Executives. Year 1 retention is 70%, and year 2 and beyond is 80%, which is industry standard.
Customer Acquisition
Cost per acquisition of a new member is about $800–$1,000, and the average transaction is about $6,500, with an average sales cycle of approximately 48 hours.
Team
There are 6 contractors/employees required per chapter, not including the chapter owner. (1) Chapter President — The Chapter President is a 20-hour-per-week position that handles the day-to-day operations of the chapter and oversees the rest of the staff to ensure they meet KPIs. They collaborate with the Director of Events to execute local events and manage the membership experience. The Chapter President earns a $3,000–$4,000 per month salary, plus a 25% commission on their membership sales, and a 2.5% override on the chapter revenue. (4) Chapter Directors — CD's are commissioned, relationship-based, well-networked salespeople. They receive a 25% commission on new membership sales and 3% of renewals. (1) Closer — The Closer is a specifically trained salesperson who handles membership applications and incoming leads from digital and offline marketing campaigns. The aim is to set up 6–10 qualified meetings per day with potential members in the individual chapter. The Closer is paid a 10% commission only on cash collected, with a KPI of bringing in 5 members per week or 20 members per month into the individual chapter.
Owner's Role
There are two possibilities for the new incoming owner. 1) Hands-on role, where they can be the Chapter President of the chapter and take on the above role. 2) Hands-off role, where they hire a Chapter President, and the Chapter Owner only has 1-2 meetings per month to ensure goals are met and to make strategic decisions.
Reason for Selling
Looking to partner with high-growth entrepreneurs who have a track record of growing businesses and are passionate about community. Looking for those who want to join the movement and grow the brand globally.
Contracts
Membership pricing is annual.
Real Estate
No
When Are You Looking to Sell
ASAP
Licenses Required
No
Additional Notes
This opportunity is for buyers who are looking for a high-margin, recurring revenue, and globally scalable business. Guarantee an annual return of up to 20% for the first two years of purchase, with a put option in place that allows them to buy the business back at the full purchase price.
Business ID: 1473
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