Listing status: Inactive
Reason: --
Gym - Fitness Studio - A boutique independent fitness studio - profitable, successful business model - G1771GN
Gym - Fitness Studio - A boutique independent fitness studio - profitable, successful business model - G1771GN
Industry :
--Sub Industry :
Gym - Fitness Studio - City Fringe - Agent SBX Code Number: G1771GN
Established independent boutique fitness studio with an awesome loyal member base in a high growth location - If you are looking for a unique and profitable opportunity in the fitness industry look no further. - Offering a well rounded combination of group & small group training / personal training / body transformations. - This fitness studio is suitable for owner operators with a passion for fitness. - Its an exceptional opportunity that is not to be missed. This studio has all the systems in place to attract & retain members in this high growth location.
Potential
This studio has the latest fitness technology advances including heart rate-based training system with wireless and cloud-based monitoring.- Its an award-winning mix proven to deliver results. Perfect for an owner operator looking to build on the current membership base.
Features
Very attractive low rent. - 100+ members. - Excellent well maintained equipment. - Systemised acquisition & retention processes. - Easy access & high visibility location with easy parking. - Proven business model.
Premises
This fitness studio has an area of 198 sq. mts. and includes storage. air con / flooring / lockers, with 2 shared bathrooms out the back for members to use.
Location
Well located in a very busy, densely populated City Fringe area. Close to Broadway, Glebe, Newtown, Surry Hills, University, offices, restaurants, cafes.
Trading Hours
7 days, Monday to Friday 6 am to 7.45 am & 12.15 to 1 pm & 5 pm to 8 pm. Saturday 8 am to 10 am. Sunday currently closed.
Lease
5 year + 5 year lease commenced July 2019. - $5,000 bond / bank guarantee. - 3% annual Increases.
Employees
4 high skilled coaches.
Comments
This fitness studio has a 2nd outlet that is also for sale (See Code No. G1773GN). Please note that the coaches are contractors and their fees are under cost of goods instead of wages.
Figures
Weekly Sales $3185
Rent (ex GST) $986
Wages $0
Profit $1005
Agent SBX Code Number: G1771GN - SBX Business Brokers
SBX Business Brokers is one of the largest business brokers in Australia servicing Sydney, Melbourne, Brisbane and the Gold Coast. With over 30 years of experience, you can be assured that SBX will provide you with a premium service.
Headed by Colin Bennie and an extensive team of multi-lingual brokers, SBX will match the right business with the right buyer. Our team will personally take on each business and market it individually, as well as handle all of the details of meetings and inspections. SBX will assist you in understanding all of the legal requirements, rental bonds, insurance and other requirements that may relate to selling or purchasing a business in Australia.
SBX sells all manner of businesses from small owner-operator businesses to franchises and multi-million dollar businesses.
To find out more about how SBX Business Brokers can assist you, simply register online or contact the office.
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$50,000
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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