BACK ON THE MARKET! Fitstop Franchise Helensvale, Established! Great Well-Equipped Premises!
BACK ON THE MARKET! Fitstop Franchise Helensvale, Established! Great Well-Equipped Premises!
Industry :
Beauty/HealthSub Industry :
Recreation/SportFitstop is the home of functional fitness, inspiring everyday athletes to unleash their limitless potential.
Through their performance-based, progressive training, Fitstop connect communities of global Fitstoppers and create a space that becomes their second home.
With 75+ locations across Australia and New Zealand and many more to come, Fitstop is becoming a household name.
Features of the Helensvale Fitstop franchise include:
The business operates out of a 234m2 purpose fitted gym at Shop 36 / 12 Sir John Overall Drive, Helensvale Shopping Plaza, Helensvale
Business was established in 2021 and owned by the current owner since March 2023.
Current Lease runs until 23 May 2027 + 1 x 5 year option
Rent excluding G.S.T.is $9,605.07/ month (from May 2024) + Outgoing excluding G.S.T. $255 / month
Annual increases fixed 3%
A 3 month rental bond / guarantee is required by the landlord (approx. $29,877.21)
Fit-out is current and included in the sale.
A new franchise agreement will be offered. The term is in line with the lease i.e. until May 2032
Franchise fees are 10% of turnover (Include Franchise and IT fee)
Training is 2 weeks in Brisbane, with continued HO support and mentoring (You are not on your own!)
Equipment includes all required to operate this business
Good lifestyle opening hours
Mon Thur 5am 6pm
Friday 5am 5pm
Saturday 6am 10am
Sunday Closed
Turnover (Approximately) $240,000 (April 23 March 24)
Staff is currently 4 casual staff costing approx. $1,500 per week
Current Membership - approximate 110 members
Can be very profitable to a motivated working couple who could realize good returns for their efforts
Reason for selling Other business interests
For more information, please contact:
Reg Butler
0438 189 657
reg.b@businessbrokersnetwork.com.au
Fitstop was born from the sheer passion, process and performance achieved when working with professional athletes.
This formulated in Fitstop's athlete-inspired approach to training that was simple, effective and continued to amass a strong community of fitness enthusiasts and so, the Fitstop difference was born.
Through humble beginnings operating the first location out of a garage to having raving fans in multiple communities, Founder and CEO Peter Hull launched Fitstop franchising in 2017 to bring this athletic-based formula to the masses.
Now, Fitstop makes their mark by impacting the "everyday athlete" and creating a genuine social impact in local communities through their mission to become the home of functional fitness, globally.
Fitstop's making waves in the fitness industry by offering a performance-driven approach to training completely unique to Fitstop with the backing of game-changing technology.
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To talk about a business, you have to understand the business, know where the money is made, understand the processes, sytems and be able to understand the risk factors.
Understanding a business from the Owners point of view and being able to relate information about the business to the Buyer from his point of view, being factual and not embellishing the actual results is what we seek to achieve.
To have Certified Practicing Business Brokers that are also Registered Business Valuers, you have the opportunity to get excellent advice on how to increase the value of your business as a Seller or as a Buyer. This advice is also impatial, we see the mistakes that are made on a regular basis. You are free to use our advice or temper it with advice from your other advisors. Generally our advice is free in general areas or you can engage a Business Broker short term to use us as a sounding board to work with you on more specific requirements.
If you are a Buyer and are looking for a specific business and you have not found it on our website or others, we may be able to find the business that best suits you. Often we know of business that are not on the market, but we know that the Owner would sell if there is a qualified Buyer looking.
email : admin@businessbrokersnetwork.com.au or Call 1300 33 18 14
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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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