Summary
24/7 independent community gym in Cannon Hill with ~551 members, recurring direct-debit income, approx. $94k p.a. to an owner-operator, all equipment owned outright, long-term manager in place
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
Hours
24/7 access.
Monday to Thursday staffed mornings and afternoons
Lease
The lease ends in May 2027, but there is an option to extend for another 5 years - which owner has confirmed.
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 10+ years – not a faceless franchise. The manager has been with the club for 10 years and holds deep relationships with members; one PT started as a member 8 years ago before joining the team. Many members have trained here since the original owners and remain highly loyal, driving low churn.
With ~551 active members (majority on direct debit), recurring Fitness Passport income and an estimated $94,000 p.a. in Seller’s Discretionary Earnings for a hands‑on owner‑operator, the gym delivers stable, predictable income from day one. All equipment is owned outright (no leases), and operations are simple, with Clubfit handling 24/7 access and billing.
The current owners bought in 2023 and have grown on strong foundations built by the previous owner over 6+ years before that – 13+ years of continuous community trust in total.
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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