Gym - Fitness Centre

Business Code: GVB1005A


Key Features: Easy to run

State: VIC

Location: Situated in North West fringe of the city, in a fast growing suburb with high demand of fitness services.

Description

Gym & fitness centre open 24/7 with 1400 active members and a database of 8700 people. - Fantastic opportunity for a couple of partners passionate about fitness. - Extremely spacious, well insulated with separate independent areas for women.

Summary

  • Features: Plenty of space, inside and outside. - The venue is well fitted out. - The separation between female and male areas is an asset- Well known in the area with strong local support. -Currently run under management.

  • Potential: Huge potential and would benefit greatly with an active owner who could devote more time to growing the business. - Membership could increase substantially with more marketing to their database. - Could increase profit by saving on manager's wage.

  • Premises: This business has an area of 2000 sq mts.

  • Trading Hours: 24/7 - The gym is equipped with an after hour card system that allows members to walk in and records all entries to identify expired members.

  • Lease: 10 year lease + 10 year option renewed on March 2018. - Annual C.P.I. increases - Rental Bond is $75k

  • Employees: 2 casuals + 1 Manager (Current owner doesn't work in the gym)

  • Comments: There is currently a subleased space providing an additional $30,000 p.a. - . The $600 p.w. has been discounted from the rent. - The sale price includes all equipment - Rent includes all outgoings.- The successful purchaser will be provided with high level training and support. - Industry experience is not required. - Inspections by appointment only. - The figures being shown are as if being run by an owner operator with casuals.

Weekly Summary

Weekly Takings
(inc GST)

$7,000

Gross Profit

$7,000

Rent

$4,900

Wages

$900

Telephone

$100

Insurance

$90

Electricity

$250

Total Expenses

$6,240

Estimated Stock (Additional)

$3,000

Equipment (Included)

$100,000

Net Profit

$760

Price

$139,000

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