- relatively resilient during economic downturns
- the industry generates attractive and above-average "free cash flow"
- bad debt experience is minimal
- working capital requirements are stable
- the industry offers a distinctive value proposition
- exhibits strong unit economics
- upside potential for nondues revenue
- *Know more from - IHRSA Health Club Business Handbook: the Ultimate InvestorAnd Operator Gudie to Gyms, Studios and FitnessCenters, by John McCarthy