Summary
Gym located in central location with plenty of customer parking. Creche, shop and large area for fitness classes all part of fitout. Long standing membership base with new offering to drive growth.
Revenue
$128,000 pa
Rent
$50,000 pa
Expenses
$96,000 pa
Net Profit
$32,000 pa
Location Details
We are located centrally with easy access via the freeway. Under cover and off street parking support customer base.
Potential
The large space creates significant opportunity to expand offering and value to members. We are looking to retire but key initiatives for new owner could include:
-increase fitness and group classes including popular HIIT and bootcamp style classes
-personal training
-leverage creche space to support families
-shop for supplements and other related products to create another income stream
We have done limited marketing so an increased social presence and local advertising would support customer acquisition.
Skills
Health and fitness background would assist but not essential. The opportunity exists to hire or contract to qualified fitness instructors whether you have experience or not.
Customer service is important to ensure membership is delivering value.
Hours
The gym and fitness business is open 24 hours/7 days a week. We are on the premises during the day but this is flexible.
Lease
Two years remain on the lease with a three year option to extend.
Employees
We run the business as husband and wife including the current fitness classes, no other employees exist. The new owner can employ or contract fitness trainers to leverage the large space.
Reason for Sale
Although the scope to grow and offer more to members is significant, we have been involved in the fitness industry for forty years and are looking to retire.
About the Business
The business has been operating for ten years and has grown to have over one thousand members in our database. The offering is currently weights, cardio and fitness classes with lots of opportunity to add further variety to the group fitness offering.
We have mordernised the fitout recently to include a creche area and shop for an additional revenue stream.
Location is central and offers easy access via the freeway plus parking for members. The space is very light with extensive windows from ceiling to floor.
The price includes $145,000 worth of equipment (weights, cross trainers etc) and fitout so a great chance for the new owner to commence immediately. We are happy to support through a relevant handover and transition.
The area is one of the premier fitness locations which creates further opportunity for customer growth. Leveraging further technology to enhance the membership experience is another opportunity plus new membership packaging/offers to support customer needs.
History
We (husband and wife) have been in the fitness industry for forty years and have owned multiple fitness businesses. This business has existed for ten years and we look forward to a new owner taking it to the next period of growth.
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