Summary
Rare opportunity to purchase a well-known profitable studio from Day1 with a strong member base and community, experienced staff, low operating costs, and huge growth potential
Revenue
$380,000 pa
Rent
$42,000 pa
Net Profit
$70,000 pa
Location Details
81 Brisbane St
Leasing 3 shops on busy Brisbane St, plus warehouse on Wharf St where gym is located. Plus 22-car private carpark
Potential
* Part of the BFT network, with minimal territories left in Australia. Large Territory, with potential to open 2nd studio in area such as Ripley.
* 320sqm spacious training facility
* Low overheads, including rent at $42,000 / year. Lowest rent for any major fitness facility in QLD
* Potential to greatly cut expenses for owner/operator
* Minimal competition in the area
* Loyal membership base 150+, with huge room to grow with owner/operator willing to invest time and effort
Skills
BFT Coaches are required to have Cert III & IV in Fitness
All other training and skills will be provided by BFT Franchise and existing owner
Lease
5 year lease expire Jan 2027. With 5 year option to extend
$42,000 / year
Employees
5 x Casual
All have been employed with us for 1 year + and provide great foundation of the club
Reason for Sale
Owners increasing time constraints due to family and other work commitments. The club deserves a owner/operator who is able to spend time in their with staff and members to provide the best community in Ipswich
About the Business
This is a rare opportunity to take ownership of a profitable, large group training facility, with a stellar reputation but still with plenty of room to grow
BFT is Australia’s most advanced group training methodology, with limited territories left available.
Being able to walk straight into a exciting brand with a great member base, beautiful fit out and state-of-the-art equipment. The fitout alone was almost $200,000
And what makes even more desirable is the favourble lease, meaning the annual rent is only $42,000, less then half what most other studios of out size would normally go for.
Since it opened, most of our major competition has closed down, leaving few gyms like BFT left in Ipswich. We have an extremely desired location due to space, carparking and signage.
The owners, with the help of incredible staff, have built a profitable business while spending minimal time on the business they should do due to other commitments. It leaves great potential for anyone who is willing to spend more time and effort to easily build this studio to the 200+ members potential it should have.
History
In 2.5 years we have succeeded in building a great community with great people and amazing staff that all love to walk into this gym. This is not something that is being sold easily, but as a neccessity due to increasing time constaints with family and other work.
Due to low overhead costs, it's a very low-risk / high reward business opportunity for the right people
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