Summary
Loyal 545-member gym in Cannon Hill. Loyal 10 year manager, all equipment owned, lease confirmed to 2032. FY25/26 SDE was $94,785. Owner does 16hrs/week. The gym has never paid for marketing.
Revenue
$286,234 pa
Rent
$116,986 pa
Expenses
$143,473 pa
Net Profit
$29,534 pa
Location Details
Wynnum Road, Cannon Hill
Wynnum Road, Cannon Hill.
Own carpark, plenty of street parking, walking distance to Cannon Hill station.
Potential
the gym has never run paid marketing. Weekends are unstaffed. There are 268 Fitness Passport members who could be converted to direct debit, and the class timetable has room to expand.
A full information memorandum is available after signing a confidentiality agreement.
Skills
Good people skills and an interest in fitness. Industry experience helps but isn’t essential.
Hours
24/7 member access. Staffed Monday to Thursday, mornings and afternoons.
Lease
5-year renewal confirmed in writing by the landlord: 1 June 2027 to 31 May 2032.
Employees
A manager who has been here for 10 years, runs the morning classes and daily operations - wage is inlcuded in the costs. 3 PT's and a massage therapist - pay rent to use the facilitiy. Owner does 16 hours/week - desk, 2 classes, social media & admin.
Reason for Sale
We bought the gym in 2023 and are stepping back to focus on our other business and family.
About the Business
The gym has served Cannon Hill for over a decade. It’s a non-judgemental community gym, not a franchise, and members stay for years.
- 545 members: 268 Fitness Passport, 239 direct debit, 38 paid in full
- 90 equipment types, all owned outright with no finance, worth an estimated $80–100k second-hand
- Clubfit runs access, billing and direct debits
- Kids room on site for members with children
- Up to 6 weeks of hands-on handover, plus phone support for 6 months
History
The gym has operated for over 10 years. The previous owner ran it for more than 6 years before selling to us in 2023.
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