24hr Gym For Sale - 700 members - Under Full Management

7 days ago

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Summary

Summary24HR Gym for sale in Sydney Inner West Area (near Canterbury Bankstown) Has been running for over 2 years and currently has 700 members. Business is under full management and owner has...

About the Business

Summary24HR Gym for sale in Sydney Inner West Area (near Canterbury Bankstown) Has been running for over 2 years and currently has 700 members. Business is under full management and owner has minimal input. Long lease secured.
This is a great business! The owner has invested a significant amount of money to setup this facility and due to his personal circumstances, you have an amazing opportunity to buy it for less than setup cost.
Current Revenue$43,000 pm
Rent$24,667 pm
Expenses$12,000 pm (approx)
Net Profit$6,000 pm (approx) - Under Full Management
Location DetailsLocated on busy Inner West Main RoadDensely populated suburb with old style unit apartments that don't have gym facilitiesShort stroll from train stationPlenty of passing foot traffic
PotentialEstablished gym in prominent area since it's launch in 2018 which has shown great resilience through Covid-19 and survived while other gyms in Sydney were closing down. Membership numbers have already returned to pre-covid levels with minimal drive by current owners (business under management and current owners have not made any real effort to grow business due to other committments).
The gym is 500sqm and current equipment can handle double the amount of current members without a problem so a new owner only needs to focus their time on marketing to grow the business.
SkillsNo skills required.All training provided
HoursMonday to Sundaytotal of 60 hours per week (can be reduced - other 24hr gyms are typically staffed for 40-45hrs per week)
LeaseLong Lease 5x5x5 which commenced in September 2018
Employees2
Reason for SaleOwner has other businesses which they need to focus on.

THIS BUSINESS IS PRICED TO SELL QUICK SO DONT DELAY

CALL STEVEN UNG FOR MORE INFORMATION
on 0427 978 477
Business Brokers Sydney
10 Carrington Rd, Marrickville NSW 2204https://businessbrokerssydneynsw.com.au/
Office Number: 02 8776 3654

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