ABOUT US $380MM

$602.5MM

$223.1MM

$375MM

WHAT YOU’RE LOOKING FOR IN AN INVESTMENT BANK

Chemistry Experience Support Tenacity

CHEMISTRY

We want to understand your personal and financial goals We want your advice and guidance

EXPERIENCE

Deals closed Value of deals Consumer sector

SUPPORT

Our team includes Market research Public relations Financial analysis Legal Pricing We are established company with lot of experience We want the best for you

TENACITY

We understand goals Focused on achieving them Refuse to give up until the deal is closed We don’t get paid till you get paid

HOW WE MAKE YOU MONEY

MARKETABILITY

Assets Ebitda Increases Revenue Increases

ASSETS

BALANCE SHEET

Cash and cash equivalents$ 13,126 $ 16,499

Accounts receivable, net8,151 9,272

Center operating supplies and inventories30,195 27,240

Prepaid expenses and other current assets

28,881 26,826

Deferred membership origination costs11,438 11,664

Deferred income taxes2,912 8,813

Income tax receivable  1,813

   -

 

Total current assets96,516 100,314

PROPERTY AND EQUIPMENT, net 1,952,894 1,858,666

RESTRICTED CASH 447 2,087

DEFERRED MEMBERSHIP ORIGINATION COSTS

6,740 6,820

GOODWILL 40,198 37,176

OTHER ASSETS   66,134     67,111  

TOTAL ASSETS$ 2,162,929

 $ 2,072,174

Current Assets (in thousands)

20132014

CASH FLOWS FROM INVESTING ACTIVITIES:Purchases of property and equipment

(137,433

) (106,102

)

Acquisitions, net of cash acquired

(437 ) (26,415 )

Proceeds from sale of property and equipment

763 362

Proceeds from property insurance settlements

175 790

Increase in other assets

(736 ) (250 )

Decrease in restricted cash   1,640     651  

Net cash used in investing activities   (136,02

8)   (130,96

4)

For the 6 Months ended June 30 (in thousands)

2014 2013

INCOME STATEMENThttp://finance.yahoo.com/q/is?s=LTM&annual

EBITDA

2013: 173.1 Million 2012: 161.5 Million

REVENUE

Expected to increase by 7-8% Driven by

price optimization Square foot expansion

PROPOSAL