Summary
Established family-owned 24/7 community gym with 551 members, long-term manager and all equipment owned. Approx. $94k SDE for a hands-on owner-operator. Not a passive investment.
Revenue
$286,200 pa
Rent
$128,685 pa
Expenses
$127,981 pa
Net Profit
$29,534 pa
Location Details
Wynnum Road, Cannon Hill
Has own carpark, plenty of street parking available and is walking distance to Cannon Hill station.
Skills
Good people skills and an interest in health/fitness. Industry experience helpful but not essential
Ideal for a hands-on owner-operator with good people skills who is happy to be involved in the business, not a fully passive investor.
Hours
24/7 access.
Monday to Thursday staffed mornings and afternoons
Lease
Lease ends in May 2027 with a 5 year renewal option - the owners have asked to renew the lease.
Employees
4 subcontractor PTs. One is the long-term manager on a wage, running morning classes and day-to-day operations. Another covers Tuesday front desk and weekly cleaning. Other PTs pay rent and train their own clients, keeping owner hours low.
Reason for Sale
The gym is for sale because the current family owners are looking to step back from day‑to‑day operations and focus on other business and family priorities.
About the Business
Long-standing, non-judgemental 24/7 community gym in Cannon Hill serving locals for over a decade. This is not a faceless franchise. The manager has been with the club for 10 years and has deep relationships with members, while one Personal Trainer started as a member eight years ago before joining the team. Many members have trained here since the original owners and remain highly loyal, contributing to low churn.
The gym has 535 active users/members, comprising 269 Gym Only members, 38 Gym & Classes members and 228 Fitness Passport participants. Direct-debit memberships provide recurring revenue, while Fitness Passport revenue is generated from member visits and averaged approximately $2,339 per month over the six months provided.
Estimated Seller’s Discretionary Earnings are approximately $94,000 p.a. for a hands-on owner-operator. All equipment is owned outright with no equipment leases, and operations are simple, with Clubfit managing 24/7 access and billing.
Current rent is approximately $128,685 p.a. including GST, with 4% annual increases. The gym has been built primarily through community reputation, referrals and organic growth, with no paid marketing.
The current owners purchased the business in 2023 and have continued to build on the strong foundations established by the previous owner, who operated it for more than six years. The business has served the local community for over a decade and is best suited to a hands-on owner-operator comfortable managing a mixed direct-debit and Fitness Passport revenue base.
History
The gym has operated as a local community facility for over 10 years. The previous owner ran the club for more than 6 years before selling to the current family owners, who have successfully operated it for the past 3 years. Over that time the gym has built a reputation for high member retention, a welcoming, non‑judgemental atmosphere and a strong community where members rarely leave.
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