Visit this listing at https://www.sbx.com.au/business?id=FN1173

Business Code: FN1173

Key Features: Gym - Sports - Pilates - Well established

State: NSW

Location: Prime street front location on main arterial road close to major train station in Inner West.

Description

Fitness centre - gym - pilates with strong membership base targeting family and the community with a full range of fitness programs - Classes are held at convenient times for members and usually last for 1 hour - A wide range of high quality equipment includes 1 power rack, 1 dual adjustable pully, 1 leg extension / curl machine, 1 elect. pull down / low row machine, 1 multi press, 3 treadmills, 1 cycle, dumbbell, barbell, 3 reformers, 2 full trapezes, 1 wunda chair, 1 ladder barrel and assorted extras - A separate pilates room has been added - Current membership stands at 80 with growth potential estimated at 120 - 24 hours - Non franchise - Around $200K spent on the set up.

Summary

  • Features: Well established - Excellent location - Growth area - Well maintained top line equipment - Good hours. - Long lease.
  • Potential: Could sublet pilates room - There is potential to open the business on Sundays to help further increase revenue streams.-Membership drives and further marketing will pay dividends since there is no significant competition in the area. - Could bring on more trainers.
  • Premises: This business has a total area of 169 sq. mts.
  • Trading Hours: 5.5 days - 1 hour classes - Mon. - Fri. - 6.00 a.m. - 9.p.m. - Sat. - 7 a.m. ~ 12:00
  • Lease: 3 + 2 years new lease commenced Aug.2019 - 4% increases per year - 3 months bond
  • Employees: One owner + 1 full timer + 2 contractors. (The owner works approx. 30 hours p.w. doing 12 to 15 fitness shifts.)
  • Comments: This is a great opportunity for a new owner to pick up a well established highly organised training business. - New owner will need a Cert 3 and 4 in PT if they wish to continue training clients. - There is good bookwork. - The owner is happy to negotiate a transition period.

Weekly Summary

Weekly Takings (inc GST)

$5,600

Gross Profit

$5,600

Rent

$1,700

Wages

$2,300

Telephone

$30

Insurance

$50

Electricity

$100

Total Expenses

$4,180

Net Profit

$1,420

Price

$175,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Gym - Fitness Centre - Sports Complex

Business Code: FN1173
Price: $175,000

Key Features: Gym - Sports - Pilates - Well established

State: NSW

Location: Prime street front location on main arterial road close to major train station in Inner West.

Description

Fitness centre - gym - pilates with strong membership base targeting family and the community with a full range of fitness programs - Classes are held at convenient times for members and usually last for 1 hour - A wide range of high quality equipment includes 1 power rack, 1 dual adjustable pully, 1 leg extension / curl machine, 1 elect. pull down / low row machine, 1 multi press, 3 treadmills, 1 cycle, dumbbell, barbell, 3 reformers, 2 full trapezes, 1 wunda chair, 1 ladder barrel and assorted extras - A separate pilates room has been added - Current membership stands at 80 with growth potential estimated at 120 - 24 hours - Non franchise - Around $200K spent on the set up.

Summary

  • Features: Well established - Excellent location - Growth area - Well maintained top line equipment - Good hours. - Long lease.
  • Potential: Could sublet pilates room - There is potential to open the business on Sundays to help further increase revenue streams.-Membership drives and further marketing will pay dividends since there is no significant competition in the area. - Could bring on more trainers.
  • Premises: This business has a total area of 169 sq. mts.
  • Trading Hours: 5.5 days - 1 hour classes - Mon. - Fri. - 6.00 a.m. - 9.p.m. - Sat. - 7 a.m. ~ 12:00
  • Lease: 3 + 2 years new lease commenced Aug.2019 - 4% increases per year - 3 months bond
  • Employees: One owner + 1 full timer + 2 contractors. (The owner works approx. 30 hours p.w. doing 12 to 15 fitness shifts.)
  • Comments: This is a great opportunity for a new owner to pick up a well established highly organised training business. - New owner will need a Cert 3 and 4 in PT if they wish to continue training clients. - There is good bookwork. - The owner is happy to negotiate a transition period.

Weekly Summary

Weekly Takings
(inc GST)

$5,600

Gross Profit

$5,600

Rent (ex GST)

$1,700

Wages

$2,300

Telephone

$30

Insurance

$50

Electricity

$100

Total Expenses

$4,180

Net Profit

$1,420

Price

$175,000

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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.